How airlines are wrestling with the fallout of COVID-19

Wednesday, March 18, 2020 - 16:40 in Mathematics & Economics

The Delta CEO asked staff to take voluntary leaves of absence to save the company cash. (Avel Chuklanov/Unsplash/)This story originally featured on Flying Magazine.A handful of aviation industry experts believe the social and economic fallout in the US from the COVID-19 is the worst seen since the market crash of 2008, others since 9/11, while still others say the airline service cutbacks and employee layoffs are simply unprecedented. Calling the current situation dynamic would be an understatement. In the end, comparisons really don’t matter much. What does is, “the bad news is … getting worse,” United CEO Oscar Munoz told employees on March 14, in a letter. “We expect both the number of customers and revenue to decline sharply in the days and weeks ahead, an approximately 50-percent cut in capacity for April and May. We also now expect these deep cuts to extend into the summer travel period. Even...

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