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Half of World’s Airline Capacity Grounded by Virus, OAG Says

Bloomberg business news
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The global airline industry is operating with less than half the capacity it had in mid-January after slashing another 20 million seats from scheduled services last week, according to OAG Aviation Worldwide.

The single biggest weekly percentage drop ever recorded by OAG on a global level came as the U.S. and India accelerated their cuts by 4.4 million seats and 3.5 million seats, respectively, equating to 21% and 70% reductions in capacity. Carriers worldwide are grounding jets as demand slumps because of the coronavirus, which has infected over 785,000 people globally and killed 37,600.