Airlines are taking it on the chin from the coronavirus. To balance revenues with expenses, airlines are cutting schedules. Lufthansa and United Airlines have taken cost-cutting even further.
Airlines are at the mercy of the coronavirus. About the only thing they can do is try to reduce operating costs and preserve cash flow until people are willing to start traveling again.
Passenger and freight traffic showed big declines this month in certain regions. Airports and airlines are moving to right-size operations to the downmarket caused by the coronavirus.
Deutsche Lufthansa AG is moving rapidly to reduce costs and preserve cash flow as the coronavirus outbreak widens to more countries. Three days after announcing a series of expense reductions, […]
Chao outlines five measures aimed at protecting passenger and cargo transportation.
The financial chickens from the coronavirus are coming home to roost. Lufthansa is belt-tightening, other airlines might try to ease lease terms for assets.
The coronavirus could present a silver lining for freighter operators, but any boost in business may be weeks or months away, depending on how long the contagion lasts.
It’s difficult to keep up with the flight suspensions being announced by airlines to China amid fear about the coronavirus outbreak.
The ongoing political strife in Hong Kong is not directly slowing shipping activity at the world’s busiest cargo airport, but could gradually reshape supply chains in unexpected ways. A two-day […]
