Factbox: Airlines ground flights, count mounting costs of the coronavirus shock

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Factbox: Airlines ground flights, count mounting costs of the coronavirus shock
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Airlines across the globe are feeling the pain as travel demand withers because of the coronavirus outbreak, scrapping flights and ditching financial forecasts.

FILE PHOTO: Delta Air Lines passenger planes are seen parked due to flight reductions made to slow the spread of coronavirus disease , at Birmingham-Shuttlesworth International Airport in Birmingham, Alabama, U.S. March 25, 2020. REUTERS/Elijah Nouvelage/File PhotoAir France-KLM said on March 16 it would park its biggest airliners and slash services by up to 90%.

On March 27 Lufthansa applied for short-time work for around 31,000 crew and ground staff at its core brand until the end of August, stating that around 700 of Lufthansa’s roughly 760 planes were currently grounded. The group detailed cost cuts including a freeze on discretionary spending, working hours reductions and a temporary suspension of employment contracts.

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