Bloomberg: Coronavirus Shock Tests the Airline Industry’s Cash ‘Fortress’

Mark Powers

Mark Powers, professor of practice in finance and former CFO of JetBlue and Etihad Airways, was interviewed by Bloomberg about how airlines are managing the impact of the coronavirus.

Mark Powers, a Tulane University business professor and former chief financial officer at JetBlue and Etihad Airways PJSC, said the airline industry learned some hard lessons in the years after the Great Recession — and acted accordingly. “The industry decided that the bad balance sheet model doesn’t work,” he said. “Today you’re just talking about [earnings] impact.”

To read the article in its entirety, visit bloomberg.com:

https://www.bloomberg.com/news/articles/2020-03-09/airline-coronavirus-crisis-will-test-fortress-balance-sheets