BERLIN - Four of the world's leading airlines laid bare the devastation the coronavirus is inflicting on travel, with three major carriers parking nearly 2,000 planes and Qantas Airways temporarily laying off close to 30,000 staff in some of the industry's deepest cuts to date.
"No one can foresee the consequences. We have to counter this extraordinary situation with drastic and sometimes painful measures." Even then, the sector may need US$200 billion in state support to weather the pandemic, according to the International Air Transport Association."The longer this crisis lasts, the more likely it is that the future of aviation cannot be guaranteed without state aid," Spohr said, after new bookings at Lufthansa for the week through March 15 fell almost 70 per cent.
"This is a crisis unlike any we've faced in the past," Isom said."While these steps are unparalleled, we expect demand to fall even more before it gets better."
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:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Governments offer airlines aid as coronavirus drives deeper flight cuts[SYDNEY] Australia and Taiwan joined a growing list of countries offering financial aid to their ailing aviation sectors as global airlines announced deeper capacity cuts due to plummeting demand and stricter border controls associated with the coronavirus. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Coronavirus: Australian airline Qantas to cut all international flightsSYDNEY (AFP) - Australia's biggest airline Qantas said on Thursday (March 19) it will cut all international flights later this month, after the island nation's other main carrier Virgin shut its overseas services due to the virus pandemic.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
EasyJet launches winter sale in coronavirus rebooking pushEasyJet launched an early sale on cut-price winter 2020-21 flights, even as the airline industry heads into a deepening coronavirus crisis that ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Airline industry may not survive without state aid: LufthansaLufthansa said that the airline industry may not survive without state aid if the coronavirus pandemic lasts for a long time, as it throws ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Wealthy flock to private jets as coronavirus pandemic spreads and airlines tankHONG KONG (AFP) - With commercial airlines engulfed by the maelstrom of the coronavirus pandemic one sector of the industry favoured by the wealthy is thriving: private jets.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
American Airlines secures US$1 billion credit line to deal with coronavirus crisisAmerican Airlines Group Inc has secured a new year-long US$1 billion credit line, taking its available liquidity to US$8.4 billion, a regulatory ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »