Coronavirus: Lufthansa to cut 95% of flights as airlines go into survival mode

BERLIN - Four of the world's leading airlines laid bare the devastation the coronavirus is inflicting on travel, with three major carriers parking nearly 2,000 planes and Qantas Airways temporarily laying off close to 30,000 staff in some of the industry's deepest cuts to date.

"No one can foresee the consequences. We have to counter this extraordinary situation with drastic and sometimes painful measures." Even then, the sector may need US$200 billion in state support to weather the pandemic, according to the International Air Transport Association."The longer this crisis lasts, the more likely it is that the future of aviation cannot be guaranteed without state aid," Spohr said, after new bookings at Lufthansa for the week through March 15 fell almost 70 per cent.

"This is a crisis unlike any we've faced in the past," Isom said."While these steps are unparalleled, we expect demand to fall even more before it gets better."

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