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
Read the full article

Subscriber Log In

Breaking News - From Avmark Newsletter

  • United Airlines Cuts U.S., International Flights in Response to Coronavirus

    Read More ...

  • Southwest Flew Millions on Jets With Unconfirmed Maintenance Records, Government Report Says

    Read More ...

  • Today’s Logistics Report: Parceling Out Profits; Amazon’s Shipping Prime; Flipping Reverse Logistics

    Read More ...

Cron Job Starts