Booking Holdings Lays Out an Ominous Financial Outlook
Could Booking Holdings potentially run out of cash in the second half of 2021?
If things get super bad, that's a possibility. Compared to many other travel companies, Booking Holdings was in relatively good shape before the coronavirus pandemic turned the world into a lockdown pandemic, but it made a series of disclosures about dire scenarios that are chilling.
After all, at the end of 2019, before the outbreak of coronavirus was in the headlines, Booking Holdings had $6.3 billion in cash and short-term equivalents on hand, and today it potentially has access to a $2 billion revolving credit line.
