You are here

VIRUS OUTBREAK

Airlines slashing prices amid pandemic because it's 'better than doing nothing'

The promotions they are dangling won't do much; analysts say industry consolidation is likely

BT_20200314_CATHAY_4060637.jpg
Cathay Pacific is concentrating its passengers on fewer flights to keep its planes reasonably full, and cut the fixed fuel cost burden.

Singapore

WITH the aviation industry ravaged by the Covid-19 pandemic, carriers are turning to promotions such as "book now, fly later" and free flight changes to lock in passenger revenue. But there is only so much relief such business measures can offer, analysts said, darkly predicting...