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.
The Turnaround Tightrope: Insights From The 2025 Annual Turnaround Survey
October 23, 2025
Discover the latest trends shaping the turnaround profession and Australia’s broader economy in A&M's 2025 Annual Turnaround Survey in partnership with the TMA.
Turnaround Industry Survey: Signs of Recovery Overshadowed by Persistent Business Struggles
October 20, 2025
SYDNEY, 20 October 2025 – Global professional services firm Alvarez & Marsal (A&M) in collaboration with the Turnaround Management Association (TMA) Australia, has released its annual Turnaround Survey, revealing a complex and challenging landscape for Australian businesses. While cautious optimism is emerging, the survey underscores that the road to recovery is fraught with significant challenges, with many sectors still grappling with the lingering effects of economic turbulence.
Alvarez & Marsal Webinar: European Restructuring and Corporate Distress in 2025
October 7, 2025
Alvarez & Marsal’s Restructuring team hosted a webinar, where we presented findings from our latest EMEA A&M Distress Alert and discussed the key developments in the distressed and restructuring market in 2025.
A&M Recognized for Two 2025 TMA Turnaround and Transaction of the Year Awards
September 26, 2025
Alvarez & Marsal is recognized by the Turnaround Management Association with two Turnaround and Transaction of the Year Awards.
