Airline industry not likely to recover for at least a year: Southwest CEO

  • 📰 Reuters
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

The airline industry is not likely to recover to pre-coronavirus levels for at least the next six to 12 months, Southwest Airlines Co Chief Executive Officer Gary Kelly said on Thursday.

FILE PHOTO: Passengers walk through Terminal 1, after further cases of coronavirus were confirmed in New York, at JFK International Airport in New York, U.S., March 13, 2020. REUTERS/Shannon Stapleton

The COVID-19 pandemic has brought a virtual halt in air travel, leading to an unprecedented number of flight cancellations globally and forcing airlines to book hefty losses. As the industry grapples with the crisis, Kelly said in a video posted on the airline’s website that the company was offering employees more options to opt-in for leaves as well as voluntary separation packages.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Quit the P/R for the airlines. These guys got billions in bailouts to recover. The world is changing and so must they.

Good time to tear about half the seats out of each plane and quit packing people in like sardines. Greedy bastards.

Poor things

Yes, as per the current scenario..

Good. Forced social distancing unless u can drive. 🤺🤣

Time to dump those delta stocks I been hoarding.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hundreds of bus drivers descend upon DC to demand coronavirus bailout - Business InsiderNearly 600 million motorcoach trips occur in the US each year, just 100 million fewer than the domestic airline industry. Isn't travel how this virus spread in the first place? I feel everyone's pain, but time to retool jobs and get more money into the hands of Americans...as fast as the gop did with the tax cuts to the wealthy!
Source: BusinessInsider - 🏆 729. / 51 Read more »

Trump says airline industry is in 'good shape' despite 98% drop in bookingsPresident Donald Trump claimed that the airline industry is in 'good shape,' having been 'saved' by his administration, despite industry experts claiming otherwise. 'Alternative Facts' Trump is a bellend
Source: Newsweek - 🏆 468. / 52 Read more »