Airlines are freezing hiring and cutting capacity as travelers by 25% fewer tickets. Many are planning for the possibility of the coronavirus pandemic sparking a long downturn; it took two years for airlines to recover after Sept. 11. hereandnow
JetBlue Airways CEO Robin Hayes says the airline is facing a more significant drop in bookings than after 9/11.
The airline industry is facing immediate effects from the spread of coronavirus. Delta Air Lines, American Airlines and United Airlines are all cutting back on the number of domestic and international flights as bookings decline. United says ticket sales have fallen 25%, while Delta reports a 25% to 35% drop in bookings over the past two weeks.Recent flights haven’t been reaching capacity because of the impact on bookings, and he believes most passengers will notice the empty seats onboard.
Without enough passengers, airlines can lose their regular slots at popular airports if they fail to meet minimum flight requirements. To help the U.S. airline industry, the Federal Aviation Administration announced Wednesday it will waive minimum flight requirements through May 31. Though it’s too soon for him to predict the long-term impact of coronavirus on the industry, he thinks airlines will stimulate the market with low fares and demand will quickly return. But the industry may need to drop fares lower than expected and it could take time to fully recover, he says.
To mitigate the impacts of decreased bookings, the heads of United and Southwest Airlines announced plans to forego base salaries until the end of June and take pay cuts. Some airlines are halting hiring and, like JetBlue, cutting capacity. He recommends that people feeling sick refrain from flying, and instead take advantage of JetBlue’s offer of free changes and cancellations.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Oracle's CEO says coronavirus impact on the company is still unclear - Business InsiderOracle CEO Safra Catz said the pandemic's impact on its business is unclear and it's been largely 'business as usual.'
Baca lebih lajut »
Best Buy CEO Humbly Asks If Everyone Can Go Out And Buy A Cord Or Something To Help With Company’s Coronavirus LossesRICHFIELD, MN—Saying it would be a really huge help during a difficult time, Best Buy CEO Corie Barry sheepishly pleaded with Americans on Thursday to go out and buy a cord or maybe an adapter of some kind to support the electronics retailer as it faces losses related to the coronavirus. “We’re expecting lower sales and profits due to Covid-19, so if you guys could swing by sometime and pick up a cable or possibly a phone charger, that would be awfully great,” said Barry, adding that it wouldn’t have to be anything expensive, like a 25-foot HDMI cable, but could just be an extra coaxial cable, some speaker wire, or even a regular old extension cord for when you need to plug in something that’s too far away from an outlet. “It’s always good to have extra cables and stuff like that around. If you don’t need it right now, you could just put it in a drawer with all your other cords. Something to think about, anyway. And hey, while you’re in our store, maybe you’ll want to pick up something extra like a small portable Bluetooth speaker or a DVD of a movie you like. Might come in handy. Plus, we’d be so, so grateful for that.” Barry went on to state that if you don’t want to purchase any electronics at the moment, Best Buy also sells candy and soft drinks in the checkout line, and everyone deserves to have a little treat now and then.
Baca lebih lajut »
Saudi Aramco asked to boost oil output capacity to 13 million bpd: CEOSaudi Aramco has been directed by the Ministry of Energy to raise its oil produc...
Baca lebih lajut »
UPS Replaces CEO David Abney With Board MemberThe package-delivery giant said Chief Executive David Abney is stepping down from the role and will be succeeded by board member Carol Tomé, the first outsider to run the century-old company.
Baca lebih lajut »
Former eOne High-Ranking Executive Alex Hamilton Tapped CEO of Studiocanal U.K.Alex Hamilton, the former president of international and managing director of Entertainment One U.K., has been appointed CEO of Studiocanal U.K. He will be joining the company on April 22 and will …
Baca lebih lajut »
Disney CEO shuts down anti-LGBTQ criticDisney CEO shuts down LGBTQ critic who claims that the company is losing money because its products 'promote LGBT ideology.'
Baca lebih lajut »