Copa Airlines monthly cash burn stands at around USD85 million without revenues

    Copa Airlines estimated (06-May-2020) its monthly cash burn to be around USD85 million per month under a zero-revenue environment, comprising operational outflows, revised capital expenditures and financial obligations. The carrier estimates monthly cash burn to reduce to approximately USD70 million for the remainder of 2020 if operations resume on 01-Jun-2020. [more – original PR]