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American Airlines to scrap most long-haul flights while Australia orders all arrivals to self-isolate and Spain...American Airlines to scrap most long-haul flights while Australia orders all arrivals to self-isolate and Spain goes into lockdownCoronavirus – latest updatesThe international travel industry faces a widespread shutdown over coronavirus fears after airlines announced new flight reductions and more countries introduced travel bans and isolation requirements.Travel businesses were hit with multiple doses of bad news on Saturday and Sunday, with the US expanding its Europe travel ban to include the UK and Ireland, a number of South American countries bringing in flight restrictions and Australia joining New Zealand in requiring all people entering the country to self-isolate for 14 days. Continue reading...
The schedule for Britain to negotiate its new relationship with the E.U. was already tight. With...The schedule for Britain to negotiate its new relationship with the E.U. was already tight. With face-to-face talks on hold, it may be impossible. But Brexiters are already crying foul.
IATA warns Covid-19 will cost $63bn-$113bn in revenue this year, as regional airline Flybe collapses, and...IATA warns Covid-19 will cost $63bn-$113bn in revenue this year, as regional airline Flybe collapses, and experts fear others will followLatest: IATA hikes estimates for coronavirus lossesMore firms will collapse, experts fearPassengers stuck at Exeter...2,000 staff hitIntroduction: Flybe has gone into administrationHow have you been affected? 10.24am GMT IATA are urging governments to help airlines ‘stay afloat’ - an admission that others could follow Flybe into administration.Alexandre de Juniac, Iata’s director general, says: “The turn of events as a result of Covid-19 is almost without precedent. In little over two months, the industry’s prospects in much of the world have taken a dramatic turn for the worse.“Many airlines are cutting capacity and taking emergency measures to reduce costs. Governments must take note. Airlines are doing their best to stay afloat as they perform the vital task of linking the world’s economies. As governments look to stimulus measures, the airline industry will need consideration for relief on taxes, charges and slot allocation. These are extraordinary times.” Related: Airlines could lose up to $113bn on back of coronavirus, says Iata 10.22am GMT If IATA’s worst-case scenario comes to pass, then the airline industry is going to be in serious trouble.Here’s some reaction:FlyBe won’t be the last.... many airline stocks already down a third since outbreak - iata anticipating revenue losses of between $63billion and $113bn because of coronavirus https://t.co/k3Y1Ew7IqQCrikey - IATA sees global losses ranging between $63 billion to $113 bn for airline industry in 2020. In late Feb it estimated 29 billion. Says losses facing airlines haven't been this bad since the height of the global financial crisis a decade ago.#IATA updates estimations for #coronavirus impact on airlines and expects now between $63 billion and $113 billion in a second scenario if COVID-19 is not contained and spreads wider. Continue reading...