The airline industry faces a long, arduous path to recovery in the wake of the unprecedented disruption to passenger travel caused by the coronavirus pandemic.
In early 2020, the COVID-19 virus quickly spread around the globe, devastating demand for air transportation and compelling governments to mandate travel restrictions. As airlines ramped down their business, most of them had no more than two or three months of liquidity, according to the International Air Transportation Association (IATA), but have since secured loans, bailouts and other funding options, while numerous international carriers have filed for bankruptcy protection.
The crisis, which came suddenly, is global in nature with uncertain duration and consequently the recovery will likely be painfully slow, even with the relatively expeditious regulatory approval of several vaccines.
Read more here for A&M's thoughts on how the airline industry is responding to the pandemic in our article published in the AIRA Journal.
SWISS DEBT RESTRUCTURING MORATORIUM SURVEY 2024
September 9, 2025
Alvarez & Marsal's new Swiss Debt Restructuring Moratorium Survey reveals the number of cases peaked once again in 2024, building on the increased utilization already observed in 2023.
THE A&M DISTRESS ALERT
July 10, 2025
Over the past year, European businesses have faced mounting pressure from high interest rates, trade disruptions, and rising geopolitical tensions.
The latest A&M Distress Alert explores how these challenges are impacting financial resilience and what it means for business leaders navigating 2025.
ALVAREZ & MARSAL EXPANDS CHINA RESTRUCTURING PRACTICE WITH THE APPOINTMENT OF ADAM YUAN AS A MANAGING DIRECTOR IN SHANGHAI
June 18, 2025
Alvarez & Marsal appoints Adam Yuan as Managing Director to lead its China Restructuring Practice. With 30+ years of experience in corporate restructuring and financial advisory, his appointment strengthens A&M’s onshore capabilities to support businesses navigating financial distress in China.
Rendite & Resilienz – Private Equity in Zeiten der Unsicherheit
May 27, 2025
Eigentlich verläuft in der Private-Equity-Branche Wertschöpfung nach Drehbuch. Was aber, wenn wirtschaftspolitische Irrationalität die Finanzmärkte durcheinanderwirbelt?
