Airlines Carnage Worsens With Emirates, Singapore Air Cuts
- Etihad also grounding planes following directive from U.A.E.
- Coronavirus could reshape global travel industry, Moody’s says
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The crisis engulfing air travel deepened after some of the world’s biggest carriers announced drastic measures to cope with the coronavirus outbreak, with Singapore Airlines Ltd. and Gulf giants Emirates and Etihad Airways among the latest to slash flights.
Dubai-based Emirates, the largest long-haul airline, and neighbor Etihad of Abu Dhabi will stop flying passengers for two weeks from Wednesday because of local restrictions. Singapore Airlines said Monday it’s cutting 96% of capacity through April, mirroring an announcement at Cathay Pacific Airways Ltd.