Airlines count mounting costs of the coronavirus shock - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Airlines across the globe are feeling the pain as travel demand withers because of the coronavirus outbreak

Air France-KLM will park its biggest airliners and slash services by up to 90% over the next few days, it said on March 16. The group said it had identified measures to save 200 million euros in 2020 and ways to cut its capital expenditure by 350 million euros.Air New Zealand said on March 16 it would cut long-haul capacity by 85% in the coming months and the domestic network would be reduced by 30% in April and May.

The airline has received over 4,500 requests from flight attendants for voluntary unpaid leave in April, according to a March 14 paper seen by Reuters. The group detailed cost cuts including a freeze on discretionary spending, working hours reductions and a temporary suspension of employment contracts.

JetBlue said the outbreak was expected to make at least a six percentage-point dent in its total revenue per available seat mile in the first quarter.

 

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Let em pay for flying ✈ individuals with coronavirus without scanning em simply because they are more focused on money 💵.

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