Americas

US AIRLINES HOARD CASH RICH TO CUSHION AGAINST SHOCKS

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US AIRLINES HOARD CASH RICH TO CUSHION AGAINST SHOCKS

The six largest US airlines have built up $23.8 billion in cash to cushion against future shocks and to pay down outstanding debt. This is the highest US airlines have had cash as a percentage of assets since 1959, according to RBC Capital Markets. However, the airlines total balance sheet debt...

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