Airline industry braces for prolonged recovery from coronavirus crisis
Fri, Apr 03, 2020 - 7:46 AM
A full airline industry recovery from the coronavirus looks prolonged at best, analysts said, as new data showed international seat capacity had fallen to 23 per cent of last year's levels and around half the world's airplane fleet is in storage.
[SYDNEY] International seat capacity has dropped by almost 80 per cent from a year ago and half the world's airplanes are in storage, new data shows, suggesting the aviation industry may take years to recover from the coronavirus pandemic.
Carriers including United Airlines Holdings and...