Airlines running a little low on cash
Unless the economy improves soon, US airlines face a liquidity crisis if revenues keep falling.
“If revenue doesn’t stabilize and capital markets remain constrained, then I think it’s certainly possible that we’ll see increased risk of a covenant breach for a couple of carriers moving into 2010,” said Fitch Ratings analyst Bill Warlick.
The airlines that face the greatest risk of covenant breach are US Airways, American Airlines and United Airlines, he said.
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The winner of the scholarship will receive a $1,200 per month stipend to road trip around the US and Canada this summer (June through September), and will take photos and blog about the trip for the three sponsoring websites.
American Airlines named best North American cargo airline
For the second year in a row, AA Cargo has been named “Best North American Cargo Airline” by Air Cargo News.
The award is determined exclusively by freight forwarders. According to Air Cargo News, thousands of freight forwarders from more than 90 different countries around the world participated in the online voting. The British International Freight Association (BIFA) audited the voting to ensure accuracy.
