The Financial Impact of COVID-19 on Airline corporations: The case of Qantas Airline

Saad Tamim Saddik¹

1-Beirut Arab University

ABSTRACT:

This research is aimed at demonstrating the financial effects of COVID-19 pandemic on Qantas Airlines, an aviation company. The financial situation of Qantas is analyzed based on liquidity, solvability, profitability, and activity ratios from 2018 till 2021. These financial ratios showed how the pandemic affected one of the largest companies in the aviation sector (Qantas). The analysis revealed that the outbreak had a significant impact on the corporation, resulting in crucial losses.

Keywords: Aviation, COVID-19, Liquidity, Solvency, Profitability, Activity.