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Airlines slash more flights

Posted on Monday, March 16th, 2020 • News

As coronavirus hits, passenger numbers and bookings plummet as countries close their borders and holidays makers cancel trips.

These travel restrictions and the big decline in demand as a result of the coronavirus pandemic is forcing airlines to lay off staff and cut more flights.

Ryanair is to ground the majority of its fleet, and says a full grounding of its planes “cannot be ruled out”. British Airways owner IAG is planning to cut capacity by at least 75% in April and May. EasyJet also said it may also have to ground most of its planes as a result of travel bans and falling demand. Holiday company Tui has also said it will suspend the “majority” of its operations, affecting “package travel, cruises and hotel” bookings.

“There is no cash whatsoever coming in the doors,” said aviation analyst John Strickland, who warned that airlines could lose money very quickly.

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