By Jamie Freed and Tracy Rucinski
By Jamie Freed and Tracy Rucinski
SYDNEY/CHICAGO March 16 (Reuters) – Airways all over the world introduced they’d make extra drastic reductions to their flying schedules, lower jobs and search authorities support after nations additional tightened border restrictions as a result of coronavirus.
United Airways Holdings UAL.O booked $1.5 billion much less income in March than the identical time final yr and warned staff that planes may very well be flying practically empty into the summer time, even after extreme flight cuts.
United stated it could lower company officers’ salaries by 50% and cut back flight capability by about 50% in April and Could, with deep capability cuts additionally anticipated into the summer time journey interval.
“This disaster is shifting actually shortly,” United Chief Government Oscar Munoz and President Scott Kirby stated in a memo to staff on Sunday.
Issues worsened over the weekend as Spain declared a state of emergency, the Trump administration added Britain and…