Negative Free Cash Flow GrowthA sustained decline in free cash flow growth reduces the firm's ability to self-fund capex, service debt or build reserves. Over several quarters this can force external financing, constrain strategic spending, and heighten liquidity risk in a capital-intensive, cyclical airline industry.
Low Equity RatioA low equity ratio signals heavy reliance on debt financing, leaving limited capital buffer against shocks. In an industry exposed to demand swings and rate moves, this structural leverage increases solvency risk and can amplify the impact of downturns on long-term operations and financing costs.
Declining EPS GrowthA steep decline in EPS growth suggests pressure on per-share profitability, potentially from dilution, cost pressures or uneven revenue mix. If persistent, falling EPS constrains retained earnings, weakens reinvestment capacity, and can signal structural earnings volatility to stakeholders.