U.S. Airlines Brace for a Virus Shock Rivaling Fallout From 9/11
- Delta, American to slash domestic and international service
- United Air CEO, president to give up salaries through June
This article is for subscribers only.
U.S. airlines outlined deep cuts to their flight schedules as the coronavirus provokes an industry crisis that’s shaping up to be worse than the aftermath of the 9/11 terrorist attacks.
Delta Air Lines Inc. and American Airlines Group Inc. withdrew their profit forecasts and said they would reduce domestic and international flying. United Airlines Holdings Inc. said it was running stress tests for a potentially “dire scenario” in which revenue would plunge as much as 70% in April and May. That compares with a decline of about 40% in the two months after 9/11.