REUTERS/Andrew Yates
- Airlines have been hit hard by the coronavirus pandemic, in many cases grounding their entire fleets, furloughing thousands of staff, and issuing dire warnings about their future.
- Some budget airlines in Europe have already collapsed.
- Even after the pandemic ends, changes in the market could drive up the famously low ticket prices that opened up the continent, or force airlines to change the way they fly.
- But airlines' best call may ultimately be to tempt back travellers through cheap flights — if they can afford it.
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As governments around the world close their borders and advise against travel, demand for air travel has plummeted, causing airlines to ground their entire fleets.
Airlines have left planes sitting idle on runways, and furloughed hundreds of thousands of staff. The head of the International Air Transport Association, an organization representing the world's airlines, said "the air transport industry is in its deepest crisis ever."
See the rest of the story at Business Insider
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See Also:
- Leaked memo reveals some Princess Cruise and Holland America crew members will take pay cuts through June as the coronavirus sends shockwaves through the cruise industry
- Cruise workers on Holland America's stranded Oosterdam ship are growing anxious after a sick employee was airlifted off the ship and more than 100 crew members were forced into isolation because of coronavirus fears
- US government bars Carnival, Norwegian, and Royal Caribbean from sailing again for up to 3 months as the coronavirus throws the cruise lines into peril
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