March 18, 2020 / 6:51 AM / 19 days ago

Graphic: Coronavirus empties airlines' cash drawers, knocks $157 billion off share values

(Reuters) - Global airlines are fast running out of cash after cutting capacity by 90% or even grounding entire fleets due to the broad travel restrictions to contain the spread of the coronavirus, calling into question the survival of several firms.

A woman pushes a shopping trolley past to closed shops at CAP3000 shopping mall in Saint-Laurent-du-Var near Nice as shops, schools remain closed and workers asked to work from home if possible, part of the latest French governmental measures against the coronavirus disease (COVID-19) outbreak, France, March 16, 2020. REUTERS/Eric Gaillard

The outbreak of the flu-like virus has wiped 41%, or $157 billion, off the share value of the world’s 116 listed airlines, with many using up their cash so fast they can now cover less than two months of expenses, a Reuters analysis showed.

The industry’s main global body, the International Air Transport Association (IATA), estimates the sector needs up to $200 billion in government support to help airlines survive.

The following charts show airlines’ liquidity ratios, and their changes in cash and debt levels against core earnings.

Airlines' change in cash levels here

Airline firms' current ratios here

Airline firms' net debt-to-EBITDA ratios here

Cash on hand by regihere

Airline firms' debt-to-equity ratios here

Airline market cap here

Reporting By Patturaja Murugaboopathy; Additional Reporting by Gaurav Dogra in Bengaluru; Editing by Miyoung Kim and Tom Hogue

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