The stinging travel fallout from the coronavirus outbreak continues.
continues, with airline after airline announcing flight cuts, freezing hiring, slashing spending, cutting executive pay and other dramatic coping measures during a Wall Street aviation conference Tuesday.
United Airlines President Scott Kirby said the Chicago-based carrier, which last week was the first U.S. carrier to announce steep flight cuts and on Tuesday announced more moves, said new ticket bookings are down 25 percent for the airline's U.S. flights, 50 percent for Europe flights and 70 percent for Asia-Pacific flights. The damage is multiplied when you figure in a surge in flight cancellations, he said.
American said it is reducing international seat capacity by 10% this summer, including a 55% reduction in flights across the Pacific. The airline won't resume flights to China until late October, months later than initially planned. At a meeting with President Trump and Vice President Mike Pence in Washington, D.C. last week, Parker said,"not one CEO asked for government financial relief.''Delta CEO Ed Bastian, in his first public comments on the coronavirus spread, said bookings are down 25% to 30% and the airline is prepared for things to"get worse.''
Southwest canceled its presentation at the J.P. Morgan conference but CEO Gary Kelly late Tuesday sent a video message to employees about the coronavirus crisis.
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