Airlines take drastic action to survive Covid-19 crisis

16 Mar 2020 17:37:44

Airlines around the world will make drastic cuts to their flying schedules, shed jobs and seek government aid after countries further tightened border restrictions because of the fast-spreading coronavirus.

IAG, the owner of Aer Lingus and British Airways, said it would cut its flying capacity by at least 75% in April and May.

The company will also freeze discretionary spending, reduce working hours and temporarily suspend employment contracts.

IAG revealed that outgoing boss Willie Walsh would defer his retirement in its fight to survive the coronavirus outbreak. The airline group, however, did not call for government help.

Air France KLM said it was stepping up cost-saving measures to deal with the impact.

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