Australia, NZ airlines less vulnerable vs global peers

Moody's Investors Service said in a new report on Thursday the ongoing spread of the coronavirus was “credit negative” for Australian and New Zealand airlines, but their strong domestic franchises and healthy credit metrics leave them less vulnerable than many global peers.

KUALA LUMPUR: The Australian and New Zealand airlines are less vulnerable to the fallout from the novel coronavirus, where the number of dealths in mainland China jumped by 73 to 563 on Thursday, when compared with many global peers.

Moody's Investors Service said in a new report on Thursday the ongoing spread of the coronavirus was “credit negative” for Australian and New Zealand airlines, but their strong domestic franchises and healthy credit metrics leave them less vulnerable than many global peers.