(Bloomberg) — Three of the world’s leading airlines laid bare the devastation the coronavirus is inflicting on air travel, with Deutsche Lufthansa AG and Delta Air Lines Inc. parking a total of 1,500 planes and Qantas Airways Ltd. laying off close to 30,000 employees in some of the industry’s deepest cuts to date.The measures at Lufthansa, Europe’s biggest carrier, go furthest, with Chief Executive Officer Carsten Spohr saying Thursday he’ll eliminate 95% of seats, shrinking the timetable to a level last seen in 1955. Delta is grounding half the fleet to wipe out 70% of capacity, while Qantas, which has …read more
Source:: Yahoo Finance
