Coronavirus could be as bad for airlines as financial crisis, as Flybe fails – business live
IATA warns Covid-19 will cost airlines up to $113bn in revenue this year, as regional airline Flybe collapses, and experts fear others will follow
- Latest: IATA hikes estimates for coronavirus losses
- More firms will collapse, experts fear
- Passengers stuck at Exeter…2,000 staff hit
- Introduction: Flybe has gone into administration
- How have you been affected?
Newsflash: Pioneering low-cost airline Southwest has just issued a warning about coronavirus.
Southwest, which basically created the budget airline model in the early 1970s, says customers demand has declined.
#Airlines
SOUTHWEST AIRLINES – NOW ESTIMATES Q1 OPERATING REVENUES TO BE NEGATIVELY IMPACTED IN THE RANGE OF $200M TO $300M
11:37:07
SOUTHWEST AIRLINES – DECLINE IN CUSTOMER DEMAND, RISE IN TRIP CANCELLATIONS IS ASSUMED TO BE ATTRIBUTABLE TO CONCERNS RELATING TO COVID-19
that SouthWest warning really shows that IAG and EasyJet et al will be coming out with some v nasty profit warnings
Aviation minister Kelly Tolhurst also told MPs that the government “stands ready” to support the regional airlines that will be hit by Flybe’s collapse.
“We recognise the impact that this will have on UK airports particularly those which have large-scale Flybe operations. Government stands ready to support this sector.”
“We are urgently working with industry to identify opportunities to fill routes.
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