European airline bosses warned that airlines face a worsening coronavirus impact as travel demand is hit, forcing airlines to cancel flights and cut costs
) said that it was too early to gauge the impact. Both O’Leary and Walsh said there would always be demand for more aircraft if they were cheap enough.Airlines worldwide have been suspending flights or modifying services in response to the coronavirus outbreak, which has now claimed more than 3,000 lives and infected more than 90,000 people globally, after spreading from China to 77 other countries and territories.
The airlines want a temporary waiver to be granted by all EU member states on slots, something O’Leary called “critical”, and a common set of health requirements for travel to and from the affected regions. IAG’s Walsh said struggling airlines should not be given state aid to enable them to survive the drop in demand. But there was a feeling governments could take other actions to help all airlines navigate this difficult period.
Air France-KLM CEO Ben Smith said that what set this crisis apart from the SARS crisis in 2003 was the role played by social media.
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