JetBlue abandons 2020 forecast amid virus outbreak

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JetBlue abandons 2020 forecast amid virus outbreak

Adds particulars on Air New Zealand, SouthWest, background


Adds particulars on Air New Zealand, SouthWest, background

March 9 (Reuters)JetBlue Airways Corp JBLU.O on Monday withdrew its first-quarter and full-year earnings forecast and mentioned it was contemplating voluntary time-off packages for workers, because the coronavirus outbreak wreaks havoc on the worldwide journey trade.

JetBlue mentioned it’s adjusting schedules between March and early Might because of falling demand, and is evaluating additional flight cancellations because the scenario across the epidemic develops. The corporate additionally mentioned it was delaying some hiring and growing the frequency with which it cleans plane.

An trade physique final week estimated the outbreak may decrease passenger income globally for airways by as a lot as $113 billion this yr, as demand collapses.

On Sunday, Air New Zealand AIR.NZ additionally withdrew its full-year earnings outlook, whereas implementing a hiring freeze and providing unpaid go away to employees.

JetBlue’s U.S….



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