Adds flight suspensions to Italy, Thailand, delay of Tokyo route launch
Adds flight suspensions to Italy, Thailand, delay of Tokyo route launch
JERUSALEM, Feb 27 (Reuters) – El Al Israel Airways ELAL.TA on Thursday mentioned it expects a loss in income of $50-$70 million within the January-April interval as a result of world coronavirus outbreak and suspended flights to Italy and Thailand.
The estimate didn’t embrace the impression of a brand new journey warning from Israel that barred entrance from foreigners arriving from Italy.
Of the drop in gross sales, $40-$50 million shall be within the first quarter. Israel’s flag provider mentioned the loss shall be partly offset by a decline in working bills, so the ultimate impression on its January to April outcomes shall be $25-$45 million, of which $15-$30 million shall be for the primary quarter.
El Al mentioned it should droop its flights to Italy, together with Milan and Rome, beginning Feb. 28 and till March 14 whereas its flights to Bangkok shall be halted from March 2-27.
The airline may also delay…