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 followLatest: IATA hikes estimates for coronavirus lossesMore firms will collapse, experts fearPassengers stuck at Exeter...2,000 staff hitIntroduction: Flybe has gone into administrationHow have you been affected? 11.49am GMTNewsflash: 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 $300M11:37:0...
