United Airlines became the first U.S. airline to cut domestic capacity as a result of the COVID-19 outbreak, signaling that domestic demand in the North American market is showing signs of pressure from the spreading novel coronavirus.
Organizers on March 4 canceled the World ATM Congress planned in Madrid next week, citing travel restrictions that have been implemented because of the COVID-19 coronavirus outbreak.
UK long-haul specialist Virgin Atlantic is seeking to defer staff salary increases and is cutting the pay of its senior executives as it braces for the increasing financial impact of the COVID-19 outbreak.
UK LCC EasyJet CEO Johan Lundgren expects to see more airline bankruptcies as carriers continue to deal with falling demand and cashflow as a result of the continuing COVID-19 outbreak.
The COVID-19 outbreak and the disruption it is causing to international travel could hit industry-wide orders for long-haul aircraft, Airbus CEO Guillaume Faury told a Mar. 4 hearing of the French senate’s economic affairs committee.
Most of China’s largest airports suffered traffic falls of at least 5% in January as a result of early reactions to the COVID-19 outbreak, the first national airport data for 2020 showed.
Philippines Airlines’ (PAL) net losses reached a record PHP10.6 billion ($208 million) in 2019; the flag carrier’s issues have exacerbated in 2020 with the Taal Volcano eruptions and COVID-19 coronavirus outbreak.
Safran executives are expressing cautious optimism that any decline in commercial aftermarket demand linked to COVID-19 will be short-lived but acknowledge that it could be sharp.
As COVID-19 coronavirus spreads globally, the number of international departure seats from China is set to drop by more than 5.5 million in March 2020 as airlines across the world continue suspending service.
UK LCC easyJet is taking steps to cut back on discretionary costs in a bid to offset the expected impact of the COVID-19 virus on operations as demand slows.
Air France and KLM are taking steps to cut back on discretionary costs in a bid to offset the expected impact of the COVID-19 virus on their operations.