(Bloomberg) — The crisis engulfing the aviation industry deepened after some of the world’s biggest international carriers announced drastic measures to cope with the coronavirus outbreak, with giants Emirates and Singapore Airlines Ltd. among the latest to slash flights.Dubai-based Emirates, the world’s largest long-haul airline, will stop flying passengers for two weeks starting March 25 because of travel restrictions. Singapore Airlines said Monday it’s cutting 96% of its capacity through April, mirroring an announcement by Hong Kong’s Cathay Pacific Airways Ltd. on Friday.Airlines across the globe, estimated to be facing more than $100 billion in lost revenue this year, are …read more
Source:: Yahoo Finance
