{"id":130859,"date":"2022-09-05T18:36:30","date_gmt":"2022-09-05T18:36:30","guid":{"rendered":"https:\/?p=130859"},"modified":"2022-09-05T18:37:03","modified_gmt":"2022-09-05T18:37:03","slug":"bankruptcy-risk-of-some-europes-airlines-will-increase","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2022\/09\/bankruptcy-risk-of-some-europes-airlines-will-increase.html","title":{"rendered":"Bankruptcy risk of some Europe\u2019s airlines will increase this winter"},"content":{"rendered":"\n

Europe\u2019s weaker airlines face a heightened risk of collapse this winter as nations that rescued carriers during the Covid crisis focus support elsewhere amid rising inflation, according to analysts at Sanford C. Bernstein.<\/p>\n\n\n\n

While the pandemic brought few airline failures in the region amid a deluge of aid payments, carriers now face a squeeze from higher fuel and labor costs combined with a seasonal decline in travel, Bernstein said in an investor note Monday.<\/p>\n\n\n\n

\u2192 Ryanair reaches record number of passengers in August.<\/a><\/em><\/strong><\/p>\n\n\n\n

Smaller carriers in Central and Eastern Europe will be most vulnerable, Bernstein analysts Alex Irving and Clementine Flinois said, citing a new model for assessing bankruptcy risk according to levels of competition and capacity, route networks and likely costs from leasing and replacing planes, Bloomberg<\/a> reported.<\/p>\n\n\n\n

Europe’s top six airlines face negligible risk, Bernstein said, with Ryanair Holdings, EasyJet and Wizz Air maintaining investment-grade credit ratings and the Air France-KLM groups, IAG and Deutsche Lufthansa AG still able to count on government help if required.<\/p>\n\n\n\n

The most exposed carriers include one from Cyprus and two from Albania, as well as airlines based in Belarus, Bulgaria, the Czech Republic, Georgia, Moldova and Romania.<\/p>\n\n\n\n

That should favor the strongest players in Eastern Europe, chiefly Budapest-based Wizz and Ryanair, according to Bernstein, which it said have the ability to rapidly allocate jets to newly vacated markets.<\/p>\n\n\n\n

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