Airlines see big drop in business

Airlines are restrategising in terms of their capacities and are also embarking on cost-cutting measures, at least until there are more clarity of the virus outbreak coming under control. And at least for the shorter term, they do not have to take too drastic measures with the lower Brent crude oil prices, which are currently trading below US$60 per barrel, coming in to offset some of the impact.

The national carrier said it is proactively reducing capacity based on demand. As more and more countries are imposing travel restrictions, Malaysia Airlines has responded quickly to these changes. Similarly like any other companies impacted by this situation, we have initiated counter measures to manage our costs, ” the spokesman added.

The airline has also taken swift action to reduce its frequencies to the affected regions and shift its capacities to other regions.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Malaysia’s palm oil stocks drop 12.69pc in Jan 2020 | Malay MailKUALA LUMPUR, Feb 10 — Malaysia’s total palm oil stocks eased 12.69 per cent to 1.76 million tonnes in January 2020 from 2.01 million tonnes recorded in December 2019. In a statement today, the Malaysian Palm Oil Board (MPOB) said crude palm oil (CPO) stock decreased by...
مصدر: malaymail - 🏆 1. / 86 اقرأ أكثر »

Mahindra set for biggest drop in decade as earnings disappointNEW DELHI: Mahindra & Mahindra Ltd shares headed for their steepest decline in more than a decade after the Indian automaker reported a surprise drop in its December-quarter earnings.The stock tumbled 7.2% to 528.2 rupees at 3:21pm in Mumbai, set for the steepest fall since August 2009.
مصدر: staronline - 🏆 4. / 75 اقرأ أكثر »