Airlines, airports seek fresh ways to deal with cash crunch amid crisis

By Jamie Freed SYDNEY (Reuters) - Airlines and airport operators said they are taking steps such as suspending dividends, selling and leasing back airplanes and flying cargo on empty passenger jets as they grapple with a cash crunch and plunging demand caused by the coronavirus outbreak. New Zealand's Auckland International Airport Ltd said on Tuesday it would scrap its interim dividend on top of cost-cutting measures that include a hiring freeze and a halt to discretionary spending.

The post Airlines, airports seek fresh ways to deal with cash crunch amid crisis appeared first on Firstpost.

from Firstpost