Lufthansa Group decided Mar. 6 to cut capacity by up to 50% and is considering grounding its fleet of 14 Airbus A380s. 

Taiwan’s Ministry of Transportation and Communications has put aside NT$4.2 billion ($140 million) to help its aviation industry should the COVID-19 outbreak gets worse, according to the Taipei Times.

Business aviation operators are feeling the impact from the spread of the COVID-19 virus and are adopting a variety of risk management solutions to cope. 

The cuts include an already announced 40% reduction in flights to Italy.

From trade tensions to the COVID-19 coronavirus, how Western aftermarket companies are navigating business in China.

Despite recent events, the outlook for the aviation industry is still mostly positive.

IATA projects the industry could lose up to $113 billion in revenues in 2020 if the coronavirus spreads further.

Aircraft manufacturers and suppliers widely expect the COVID-19 coronavirus crisis to result in a short, sharp shock to the air transport sector, but nothing disruptive yet to their business models, according to comments made during the U.S. Chamber of Commerce’s 2020 Aviation Summit.