SFA Research Corner: Aircraft ABS Buffeted by COVID-19 Turbulence

The airline industry has been one of the hardest hit industries since the onset of the pandemic. While air travel has recovered from April’s low, passenger demand has remained depressed as passengers, airlines, and governments navigate quarantine mandates, staggered re-openings, and still rising COVID-19 cases. The downward pressure on cashflows have impacted aircraft ABS resulting in downgrades across the space.