Airline industry turmoil deepens as coronavirus pain spreads

  • 📰 Reuters
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 97%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

Airline industry turmoil deepened on Thursday as Qantas Airways Ltd told most of...

) told most of its 30,000 employees to take leave and India prepared a rescue package of up to $1.6 billion to aid carriers battered by coronavirus, government sources said.

Passenger operations have collapsed at an unprecedented rate as the virus spreads around the world, with Delta Air Lines Inc parking more than 600 jets, cutting corporate pay by as much as 50%, and scaling back its flying by more than 70% until demand begins to recover. American Airlines Group Inc in a memo to staff rebuffed criticism that it had rewarded its shareholders with too many dividends and stock buybacks in better times, leaving it with less cash to manage the crisis.

“The sad fact is that due to circumstances beyond our control, travel demand has evaporated,” Qantas Chief Executive Alan Joyce said in a memo to staff seen by Reuters. “We have no work for most of our people.” As countries step up border restrictions, more flights are being cut. Air Canada said it was gradually suspending the majority of its international and U.S. transborder flights by March 31.

The New Zealand government on Thursday advised citizens not to travel overseas because of the risks posed by the coronavirus.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Shut down the airports. The entire country needs to stand down for at least a month to contain this thing.

Maybe they should have saved that $9 water and $49 luggage check money.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 2. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

UK supermarkets have started to ration food after coronavirus panic-buying gripped Britain - Business InsiderBritain has become gripped by coronavirus panic-buying as the virus spreads rapidly across the country.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »