News / Bullish John Menzies expects to 'emerge strongly' into the post-Covid era

John Menzies today issued a relatively upbeat trading statement, noting that the second quarter was better than expected.

It said the aviation services business had sufficient liquidity to support it into 2021, following “significant proactive cost action”, and the benefit of various government schemes.

The business furloughed 17,500 staff in March, more than 50% of its headcount, but today’s release did not mention whether there would be any permanent redundancies.

However, it said the board was “confident in the sector’s growth potential” and ...