- Published: Monday, 24 February 2020 13:37
United Airlines Holdings Inc. said it would cut domestic flights, as the spreading coronavirus depresses bookings.
Airlines world-wide have parked more than 1,000 planes as bookings have fizzled and concerns have risen that depressed demand could extend into the busy peak summer season.
The carrier said Wednesday it plans to store some wide-body jets and is offering staff unpaid leaves of absence in April. The effort is the latest by airlines to mitigate the shock to the industry caused by cascading travel restrictions and passenger concerns over flying. Companies including Boeing Co. BA -6.20% are instructing their employees to cut out unnecessary travel.
Other U.S. carriers have sought to stimulate demand by offering passengers the option to change flights without penalties.
Excerpt from WSJ
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