Could Booking Holdings Really Run Out of Cash?
This hasn't been the greatest month for travel-related stocks. Certainly, cruises, airlines, and oil companies have all been mauled by the global COVID-19 pandemic, as people are ordered to stay at home and not travel. In addition, even when quarantines are lifted in the intermediate future, it's unclear how quickly travel volumes can come back to full pre-crisis strength.
Yet even the most capital-light, digitally based travel companies are now feeling the pinch. The largest and arguably strongest travel-related company in the world is the world's leading online travel agent (OTA) Booking Holdings (NASDAQ: BKNG). Yet even Booking, the class of the industry, just released some downbeat forecasts for cash burn through the crisis, and it has quickly moved to raise cash and issue debt.
Could Booking Holdings run out of cash? Image source: Getty Images.
Source Fool.com
