Airlines across the globe are feeling the pain as travel demand withers because of the coronavirus outbreak, scrapping flights and ditching financial forecasts.
FILE PHOTO: Delta Air Lines passenger planes are seen parked due to flight reductions made to slow the spread of coronavirus disease , at Birmingham-Shuttlesworth International Airport in Birmingham, Alabama, U.S. March 25, 2020. REUTERS/Elijah Nouvelage/File PhotoAir France-KLM said on March 16 it would park its biggest airliners and slash services by up to 90%.
On March 27 Lufthansa applied for short-time work for around 31,000 crew and ground staff at its core brand until the end of August, stating that around 700 of Lufthansa’s roughly 760 planes were currently grounded. The group detailed cost cuts including a freeze on discretionary spending, working hours reductions and a temporary suspension of employment contracts.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Photos: Airlines park grounded planes at airports, runways: COVID-19 - Business InsiderIncredible satellite photos show parked planes sitting on runways at airports in the US and Europe, as COVID-19 puts a near stop to global air travel
Read more »
EasyJet, One Of Europe’s Biggest Airlines, Grounds All Flights Because Of Coronavirus PandemicEasyJet has grounded its entire fleet of aircraft in the latest sign of the impact of COVID-10 on airlines, with industry body IATA warning that carriers face a $252 billion drop in passenger revenue.
Read more »
Consolidating flights to US cities could help stem airline industry losses as coronavirus dampens demand, executives sayU.S. airlines and the Department of Transportation may soon have to consider consolidating service to dozens of cities around the country in a bid to help carriers cut losses, several airline industry executives told CNBC.
Read more »
Coronavirus cases continue to climb in Orange County, reaching 464Orange County now has 464 confirmed coronavirus infections, as case counts continue their steady rise.
Read more »
Pressure Mounts on Insurance Companies to Pay Out for CoronavirusLawmakers and regulators are pressuring insurers to go beyond the legal language of policies to get cash to Americans amid the mounting cost of shutdowns from the coronavirus pandemic.
Read more »