Southwest Airlines is extending cancellations of Boeing Co 737 MAX flights until June 6, citing the planemaker’s decision to recommend pilot simulator training before resuming flights and uncertainty about when regulators will approve their return to service.
More and more airlines joined the fray to cut their flights to coronavirus affected countries. The crisis is exacerbating deep rooted problems in an airline industry grappling with overcapacity, environmental pressures and the grounding of Boeing’s top-selling jet.
John Wright, Etihad Airways’ Vice President Global Airports and Network Operations, said, "Etihad Airways is a high quality airline, and reliability is a key element of the total product we offer. We continually strive to deliver excellence for our guests, in the air and on the ground."
International airlines including British Airways and Cathay Pacific have drastically truncated routes to such places as northern Italy and South East Asia as demand sharply plummets.
Singapore Airlines said it had secured up to S$19 billion ($13 billion) of funding to help see it through the coronavirus crisis and expand afterward, in a sign of confidence travel demand will eventually return.
Airlines around the world said they would make more drastic cuts to their flying schedules, shed jobs and seek government aid after countries further tightened border restrictions because of the fast spreading coronavirus.
Global airlines warned that 25 million jobs across the world could be at risk from the coronavirus travel downturn and the industry’s representative body said airline finances were so fragile they could not afford to refund customers.
As airlines idle thousands of aircraft for which there are no passengers, they are hitting an unprecedented problem: finding a place to park them. In the United States, United Airlines Holdings and American Airlines Group said
Airline profits are on course to fall faster than expected in 2019 as trade wars hit global commerce and broader confidence, the industry’s main global body said, while predicting a modest recovery next year.