Airlines Ground Flights, Count Mounting Costs of the Coronavirus Shock - News Summed Up

Airlines Ground Flights, Count Mounting Costs of the Coronavirus Shock


(Reuters) - Airlines across the globe are feeling the pain as travel demand withers because of the coronavirus outbreak, scrapping flights and ditching financial forecasts. Below is a list of how the world's biggest airlines have responded (in alphabetical order):AIR FRANCE-KLMAir France-KLM said on March 16 it would park its biggest airliners and slash services by up to 90%. The group said it had identified measures to save 200 million euros ($223 million) in 2020 and ways to cut its capital expenditure by 350 million euros. AIR NEW ZEALANDAir New Zealand said on March 16 it would cut long-haul capacity by 85% in the coming months and the domestic network by 30% in April and May. The airline has withdrawn its full-year outlook, frozen hiring and offered unpaid leave to staff.


Source: International New York Times March 23, 2020 15:12 UTC



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