188bet mobile login’s net profit fell nearly 130% year-on-year in the first quarter of this year，And officially decided to lay off 10% of employees，About 1.60,000 employees。

April 29，188bet mobile login disclosed its latest financial report，The company lost 6 in the first quarter.US.2 billion，And the profit in the same period last year was 21.USD 4.9 billion。Also，188bet mobile login’s first quarter revenue 169.USD 0.8 billion，229 compared with the same period last year.26% decrease compared to US.7 billion。

grounded due to 737 Max crash，188bet mobile login’s net loss in 2019 is 6.US.6 billion，First loss in more than 20 years，This is the year 188bet mobile login “falls”，And the global outbreak of the epidemic，Let it continue to "fall"。January this year，188bet mobile login did not receive any new aircraft orders，This is the first time in 58 years。

188bet mobile login’s stock price has dropped from the highest level of 0 per share before the crash，Falled to around 1 now，Falled by 70%。

If this will be the darkest moment for this century-old giant (founded in 1916)，It’s not an exaggeration。2020，188bet mobile login stands on the precipice of fate。

188bet mobile login CEO also recently told investors，This epidemic is different from any crisis the company has experienced before，It will take several years to return to pre-pandemic business levels。

188bet mobile login hopes to rely on borrowings to survive the darkest moments，But it’s not easy。its financial report shows，As of the end of March，188bet mobile login holds .5 billion in cash，.5 billion increase from the previous quarter，But added .6 billion in new debt，The company’s total debt currently reaches US.9 billion。

Dismal 188bet mobile login

At a critical juncture of fate, you not only need to find money, but you also need to save money.

According to foreign media reports，188bet mobile login is working with investment banks to seek billions of dollars in bond financing。Source says，If the conditions given by the market are good，188bet mobile login will convene multiple investment banks to look for potential bond investors in the next few days，But the timing and size of 188bet mobile login’s financing have not yet been finalized。One of the sources said，According to investors’ needs，This financing amount may reach 10 billion US dollars，Even more。

Money is not easy to get now.

188bet mobile login is also considering a billion U.S. Treasury bailout package for national security companies。But 188bet mobile login CEO Dave Calhoun said，This type of assistance often comes with additional conditions，The most likely condition is that the company must transfer part of its equity to the government。Roughly, the government purchases stocks at low prices through aid funds，Wait until the market gets better before selling，This saves the airline，Also ensures the interests of taxpayers behind the funds。

Also，One of the sources said，188bet mobile login is also considering applying for financial support from the Federal Reserve。One of the new programs recently established by the Federal Reserve is called the "Primary Market Large Enterprise Revolving Loan" that will help companies issue bonds，But there will be no additional dividends to shareholders、Executive compensation and other restrictions。

The well-known credit rating agency Moody’s said this month，188bet mobile login needs billion in funding in 2020。its representation，188bet mobile login has drawn down its US.8 billion loan line in March。

188bet mobile login has stopped paying dividends last year。Dave Calhoun said，188bet mobile login needs to borrow more money in the next 6 months，And it is expected that dividends will be resumed in the next three to five years。This move is believed to be 188bet mobile login’s intention to prioritize repaying debt and maintaining the supply chain for aircraft manufacturing in the next few years。

As a strong rival of 188bet mobile login, the current situation of Airbus is not optimistic。April 24，Airbus CEO Guillaume Faury mentioned in a letter sent to company employees，Airbus is losing working capital at an unprecedented rate，The seriousness affects the survival of Airbus。Airbus has secured a 15 billion euro (approximately .2 billion) loan。Airbus is also seeking support from the government，Including discussions with multiple European governments，Supported by Ouzhe in the form of loan guarantee。

Information display，Airbus’ production capacity has been reduced by one-third，The situation may be worse in the next two or three months。188bet mobile login judgment is not impossible。The current number of confirmed cases of the epidemic around the world has exceeded 3 million，Basically all countries have implemented the strictest travel restrictions in history，Global travel demand plummets by 90%，About 44% of global travel plans have been suspended。Also，Demand for transportation equipment dropped by 41%。From a global perspective，The uncertainty caused by the epidemic is still great，188bet mobile login uncertainty may lead to an expansion of the normalized scope of epidemic prevention and control，188bet mobile login will also work for airlines、Aircraft manufacturers and others will have a more lasting impact。

Travel demand drops sharply during the epidemic，All major airlines are basically in an existential crisis，There is no way to talk about new aircraft orders，Shrinking orders hit 188bet mobile login hard。Data display，First quarter of this year，188bet mobile login canceled aircraft orders for 307 aircraft，Only close to 50 commercial aircraft delivered，Total commercial aircraft deliveries fell by 66% year-on-year.44%，This was the first quarter of 1984 when the company delivered its lowest volume。

Of course layoffs are also on the agenda。Airbus has 13.50,000 employees，There will likely be significant layoffs 188bet mobile login summer，The scale may be around 10,000 people。

More 188bet mobile login employees，Its business covers the continental United States and 65 other countries and regions around the world，About 160,000 employees。The scale of its layoffs is about 10%。

April 27，188bet mobile login announces an automatic severance plan for employees，188bet mobile login spokesman expressed hope that thousands of people will voluntarily leave or retire。Some analysts believe，In 188bet mobile login’s fixed costs，Employee salary accounts for the largest proportion，Layoffs are necessary。March，188bet mobile login has begun to limit overtime、Stop recruiting，And cut discretionary spending to only critical business activities，Intended to further reduce costs through these measures。

Lost 188bet mobile login

188bet mobile login’s crisis is of course not limited to this epidemic，It has more difficult problems than the epidemic。

In 2019 due to the crash of EgyptAir 737 MAX，188bet mobile login reaches historical low point。188bet mobile login’s revenue reached 765 that year.US.9 billion、Net profit loss 6.US.6 billion，Respectively decreased by 24% year-on-year.29%、106.08%。This is 188bet mobile login’s first loss in 22 years，its debt ratio exceeds 106%，The highest in more than ten years。

As per regulations，188bet mobile login 737 MAX aircraft is not expected to be lifted until at least August this year，And its financial report shows，The global grounding of 737 Max costs US.6 billion。Also，188bet mobile login’s credibility has also been damaged a lot。

A major hidden danger for 188bet mobile login is that a large amount of its cash is used for shareholder dividends and a large number of share repurchases，188bet mobile login stock price doubled。

Pay attention to stock price and dividends，Being 188bet mobile login’s choice for many years。Public data display，From 2008 to present，188bet mobile login has repurchased shares in the open market totaling more than .4 billion，Dividends exceed billion。

Internal and external troubles.

Shareholders are constantly being flattered，Continuous profits，But the other side is that the culture that 188bet mobile login once upheld that focused on technology and safety has been diluted，The mentality of pursuing short-term benefits is gradually gaining the upper hand，This has led to 188bet mobile login’s “cosiness” in product development，So much so that in the past 20 years, only a new aircraft, the 787, has been launched。

Also，188bet mobile login’s NMA project (New Midsize Aircraft), which has been planned for many years, still has no results。Looking at Airbus，The A32lXLR launched last year has already received more than 450 intended orders，There is no comparable product in the 188bet mobile login 737Max series。

Other side，Due to cash flow crisis，188bet mobile login has to shrink its market front。Recent，188bet mobile login abandons its .2 billion jetliner business plan merger with Embraer。At the same time，188bet mobile login expected to cut Dreamliner production by about half。Because this program burned through a record amount of cash in the first quarter。

The above-mentioned cooperation between 188bet mobile login and Embraer is actually hard-won，The two parties have been communicating and preparing for many years，Planning to form a joint venture，If the transaction is successful，Embraer will receive sufficient working capital，Used to repay debt and pay investors up to .6 billion in dividends。

The reason 188bet mobile login gave for abandoning the cooperation was that Embraer failed to meet the necessary conditions for the transaction within the deadline。Embraer believes that 188bet mobile login’s “renege” is due to financial problems，The current measure is to initiate arbitration proceedings and take 188bet mobile login to court，Demand for at least US0 million in compensation。

This is naturally the result of "lose-lose" outcome。High-level officials of the Brazilian government have even said that they want to cooperate with China，And for 188bet mobile login，Continuing to develop effective markets within a certain period of time will encounter greater resistance。

How to overcome 188bet mobile login’s “disaster”，It still depends on the direction of the epidemic。On the one hand，Oil prices continue to remain low，And low fares from airlines，May boost the recovery of the aviation industry，Demand for aircraft orders will also gradually recover；On the other hand，The impact of the epidemic on people’s psychology is still difficult to eliminate，And the uncertainty of the epidemic，It will raise people’s psychological threshold for traveling，Restricting travel demand，The impact may last for years。

This brings more unknown risk factors to 188bet mobile login.