MALJF - Strong Financial Position Can Help Magellan Aerospace Endure Economic Headwinds
Author's Note: All figures discussed will be in unless stated as otherwise. All graphs and charts are stated in thousands of .
The COVID-19 pandemic has left virtually no business unaffected. Widespread shutdowns have significantly impaired all industries, but the travel restrictions implemented to slow the spread have left aerospace businesses particularly vulnerable. Coming off a year in which air traffic growth rate slowed for the first time in ten years; the start of 2020 has not been what investors in the industry had hoped for.
A strong working capital position and disciplined