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Tech & Science Airlines slash schedules, jobs and pay after new travel restrictions

07:05  16 march  2020
07:05  16 march  2020 Source:   reuters.com

Qantas and Jetstar slash 90 percent of flights due to coronavirus

  Qantas and Jetstar slash 90 percent of flights due to coronavirus Qantas and Jetstar will cut international capacity by around 90 per cent, and domestic capacity by around 60 per cent, until at least the end of May. In a statement, the airlines said the changes were due to a drop in travel demand due to coronavirus, and meant grounding about 150 aircraft."Despite the deep cuts, the national carrier's critical role in transporting people and goods on key international, domestic, routes will be maintained," the statement read."This includes using some domestic passenger aircraft for freight-only flights to replace lost capacity from regular scheduled services.

Airlines in Australia and New Zealand said on Monday they would make drastic changes to their flying schedules after the countries over the weekend announced Air New Zealand Ltd ( AIR .NZ) said job losses would be necessary as it cut long-haul capacity by 85% over the coming months, suspending

(Reuters) - Delta Air Lines Inc said Sunday it will halt service to London from Detroit and Dublin flights from New York after the White House announced it was imposing new travel restrictions on United Kingdom and Ireland. The second-largest U.S. airline has slashed its trans-Atlantic schedule and

a close up of a flag: FILE PHOTO: Qantas aircraft are seen on the tarmac at Melbourne International Airport in Melbourne © Reuters/Phil Noble FILE PHOTO: Qantas aircraft are seen on the tarmac at Melbourne International Airport in Melbourne

Airlines around the world announced they would make more drastic reductions to their flying schedules, cut jobs and seek government aid after countries further tightened border restrictions due to the coronavirus.

United Airlines Holdings Inc booked $1.5 billion less revenue in March than the same time last year and warned employees that planes could be flying nearly empty into the summer, even after severe flight cuts.

United said it would cut corporate officers' salaries by 50% and reduce flight capacity by about 50% in April and May, with deep capacity cuts also expected into the summer travel period.

Qantas and Jetstar will give you a travel credit if you decide to cancel your flights because of coronavirus

  Qantas and Jetstar will give you a travel credit if you decide to cancel your flights because of coronavirus Qantas and Jetstar will give customers a travel credit voucher if they decide to cancel their flights following the coronavirus outbreak. The move applies to new and existing bookings on both domestic and international flights. People with existing bookings until 31 May 2020 can cancel their flights and redeem a travel credit voucher of the same price. However, it needs to be processed by March 31.

(Reuters) - Delta Air Lines Inc said Sunday it will halt service to London from Detroit and Dublin flights from New York after the White House announced it was imposing new travel restrictions on United Kingdom and Ireland. The second-largest U.S. airline has slashed its trans-Atlantic schedule and

Vice President Mike Pence said the new travel restrictions will apply to Britain and Ireland starting Monday at midnight. They bar most non-U.S. citizens from [KLM, the Dutch subsidiary of Air France-KLM, plans to slash up to 2,000 jobs , cut working hours by one-third for its entire staff and ask for

"This crisis is moving really quickly," United Chief Executive Oscar Munoz and President Scott Kirby said in a memo to employees on Sunday.

Things worsened over the weekend as Spain declared a state of emergency, the Trump administration added Britain and Ireland to its list of countries facing travel curbs, and Australia and New Zealand said all travellers would have to self-isolate for 14 days.

"We call on Congress and the White House to take all measures available to protect the health and payroll of American workers," said Sara Nelson, president of the Association of Flight Attendants-CWA, which represents 50,000 U.S. flight attendants at 20 airlines, including United.

U.K. airlines called on the British government to help ensure their survival, while Germany's Tui AG and Scandinavian carrier SAS said they would suspend the vast majority of operations due to the COVID-19 outbreak and apply for government support. Icelandair Group hf said it was cutting capacity and working with labour unions to reduce its salary cost "significantly".

Helloworld share price higher despite withdrawing its guidance

  Helloworld share price higher despite withdrawing its guidance The Helloworld Travel Ltd (ASX:HLO) share price is pushing higher on Wednesday.At the time of writing the travel company’s shares are up 1.5% to $2.32.

WASHINGTON/CHICAGO (Reuters) - Delta Air Lines (NYSE:DAL) plans to scale back more flights after the United States expanded travel restrictions to Britain and Ireland, it said, and Southwest Airlines (NYSE:LUV) was moving toward its first flight cuts as the spreading coronavirus saps demand.

WASHINGTON/CHICAGO (Reuters) - United Airlines Co said late Saturday it would begin cutting flights to the United Kingdom after Washington expanded travel restrictions to Britain and Ireland, and Southwest Airlines moved towards flight cuts as the coronavirus outbreak sapped demand.

Air New Zealand Ltd said job losses would be necessary as it cut long-haul capacity by 85% over the coming months.

"We are now accepting that for the coming months at least Air New Zealand will be a smaller airline requiring fewer resources, including people," Air New Zealand Chief Executive Greg Foran said in a statement.

The airline has halted trading in its shares until Wednesday.

Qantas Airways Ltd said it would be making fresh cuts to its flying schedule beyond the 25% reduction in international capacity announced last week due to the new travel restrictions.

UBS analysts said the latest travel restrictions would have a significant effect on Qantas' international traffic, which historically accounted for around 45% of revenue and 25% of earnings before interest and tax.

"A downside scenario where international traffic is down 50% for a whole year and domestic down 30% could result in a cash burn of up to A$200 million ($123.60 million) per month after incorporating changes to the business," UBS said of Qantas.

Smaller rival Virgin Australia Holdings Ltd, which has a weaker balance sheet but a heavier domestic focus, said it was assessing its response to the new travel restrictions.

Virgin said on Friday it would make deeper capacity cuts, suspend financial guidance, freeze hiring and offer leave without pay to staff.

(Reporting by Jamie Freed in Sydney and Tracy Rucinski in Chicago; additional reporting by Paulina Duran in Sydney; Editing by Lincoln Feast and Christopher Cushing)

Qantas to make fresh cuts to flying schedule after new travel restrictions .
Qantas to make fresh cuts to flying schedule after new travel restrictionsAustralia and New Zealand said international travellers would be required to self-isolate for 14 days upon arrival, in developments Qantas said would have a major impact on domestic and international demand.

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