As the novel coronavirus pandemic spreads to every corner of the world, most airlines will need their countries’ support to be saved from what is expected to be an unprecedented crisis in the aviation sector.
In just less than 24 hours, most airlines across the world announced drastic measures to reduce their flight capacities, responding to entry bans being imposed across the globe and a rapid decline in demand for air travel. On Monday, several airlines announced suspension of international and transboundary flights.
This includes EgyptAir, Canada’s Westjet, Oman’s low cost Salam Air, Australian Airlines, and LATAM Airlines, among others.
Norwegian Air said it will cancel 85 per cent of all flights, and temporarily lay-off 7,300 employees amid Covid-19 crisis. Finnair said it will cut capacity by 90 per cent, while German airline Lufthansa cut 90 per cent of long-haul flights.
International Airlines Group (IAG), the owner of Aer Lingus and British Airways, on the other hand, announced they will cut all flying capacity by at least 75 per cent, ground aircraft and shrink staff numbers.
Read more at: https://www.newtimes.co.rw/news/airlines-risk-bankruptcy-may-centre-aviation
