Airlines Slash Flights Across Globe as Demand Evaporates
- Bulk of services to go at IAG, Air France-KLM and Ryanair
- American culls most foreign trips; United to reduce salaries
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Airlines worldwide will shrink operations to only a trickle of flights, severing global links and putting hundreds of thousands of jobs at risk as they fight to preserve cash and survive the coronavirus pandemic.
British Airways owner IAG SA will slash capacity for April and May by at least 75% amid the collapse in demand and government restrictions aimed at slowing the disease. Partner American Airlines Group Inc. will cut international long-haul flights by the same degree in the biggest reductions by a U.S. carrier.