Articles tagged “debt”

Recession Watch: The Debt Load of the Travel Industry’s Public Companies

Recession Watch: The Debt Load of the Travel Industry’s Public Companies

Dennis Schaal, Skift

When it comes to their debt, easyJet has a much more liquid position than Ryanair, while United and Delta have a lighter debt burden relatively speaking than American Airlines. In the event of a recession, debt loads would be one critical factor among many in hamstringing or contributing to a company's ability to maneuver.

2 months ago

South African Airways’ Suppliers Are Cracking Down on Getting Payments

South African Airways’ Suppliers Are Cracking Down on Getting Payments

Paul Vecchiatto, Bloomberg

Banks are losing patience with the beleaguered South African Airways and want a promise that turnaround talks will turn into action.

4 months ago

South Africa’s Biggest Hotel Operator Tsogo Sun Faces Hurdles

South Africa’s Biggest Hotel Operator Tsogo Sun Faces Hurdles

Odwa Mjo, Bloomberg

Tsogo Sun, which owns luxury properties in seven African countries including Nigeria and the Seychelles, may have hit the limit of its ability to do financial contortions for a while.

10 months ago

Singapore Airlines Faces Increased Competition and an Impending Debt Load

Singapore Airlines Faces Increased Competition and an Impending Debt Load

Abhishek Vishnoi, Bloomberg

Singapore Airlines' spending spree growing pains come as the carrier faces intense competition from low-cost and mainline carriers in Asia and encroaching gulf carriers seeking to gain market share in the region.

2 years ago

Jumeirah sees opportunity to expand, seeks $1.4 billion loan

Jumeirah sees opportunity to expand, seeks $1.4 billion loan

Samuel Potter , Bloomberg

Jumeirah appears to be intent to just keep building bigger hotels. But its ambitions are so focused on the flashy that it's difficult to see a road to long-term success.

6 years ago

Dubai’s Atlantis hotel is in the market for loan to refinance its debt

Dubai’s Atlantis hotel is in the market for loan to refinance its debt

Stephen Morris, Bloomberg

The Atlantis' early excesses were excessive -- even by Dubai standards. They led to the exit of former owner Kerzner, and since then they've been more conservative.

6 years ago