American Airlines is suspending service to all destinations in Europe including Paris, Madrid and Frankfurt through early May or June depending on the city, a move that will reduce its transatlantic capacity by 50 percent in April alone.
American Airlines is suspending service to all destinations in Europe including Paris, Madrid and Frankfurt through early May or June depending on the city, a move that will eliminate 15 daily flights in each direction and reduce its transatlantic capacity by 50 percent in April alone. London and flights to Ireland are excluded.
"Just in the last 48 hours, a lot has happened: new travel restrictions between the United States and Europe; the cancellation of large events like St. Patrick’s Day parades and professional sports events; and colleges and universities sending students home early and transitioning to online learning,'' the memo said."Each of these changes has a direct impact on our business.
These are in addition to a series of previous flight cuts to Italy and several destinations in China this year. “This will create enormous cash-flow pressures for airlines. We have already seen Flybe go under. And this latest blow could push others in the same direction,'' IATA CEO Alexandre de Juniac said in a statement Thursday.American's sweeping changes, coming just days after thedue to plunging demand, will reduce its international summer flights capacity by 34 percent.
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