Airlines suspend international travel

Airlines suspend most international travel as demand drops-off and cash flows dry up

Advertisements
No comments

As mass quarantines, travel bans, and states of emergency take effect this week, airlines are now responding by suspending international travel. Airlines have also terminated most, if not all new plane orders, driven by a drop-off in demand and a scramble to maintain a positive balance sheet. There is much speculation about the impact this will have on the airline industry as a whole. Some pundits are predicting that most airlines could face bankruptcy by early summer if significant action and intervention is not taken.

Here is what some people are saying about it:

Westjet suspends flights starting March 22.

Canadian provinces close their borders

Are we witnessing the beginning of a string of bankruptcies and bailouts?

Airlines bankruptcies by May unless immediate, significant action is taken.

Advertisements

Leave a Reply