More airlines could collapse if virus crisis lasts 2-3 months

Air transport chief says revenue losses could be 'probably above' US$113 bil. FMTNews IATA

All big US airlines have warned investors that their finances will take a hit.

“We are asking all the governments who have put restrictions — and the US government particularly — to review the decision permanently to see whether they can alleviate or waive that decision — the sooner the better,” de Juniac said. “Some of them will probably have financial difficulty, it will probably lead to a further consolidation,” added de Juniac, a former Air France-KLM group chief executive.The fallout from the coronavirus spread across the Pacific on Friday, with Australian travel firms issuing profit warnings and Japanese carriers cutting capacity, while US airlines rushed to cut flights to Europe in the wake of new travel restrictions.

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