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Coronavirus Pandemic Triggers Aviation Industry Meltdown

2020-05-02 4 Dailymotion

The novel coronavirus COVID-19 pandemic is ravaging the aviation industry.<br />According to Reuters, it's causing thousands of job cuts as the aviation sector waits for passengers to return to the skies.<br />US airlines are slashing hundreds of thousands of flights and cutting schedules by 80% or more through at least June.<br />Airlines are trying to convince passengers it is safe to fly again, but are actually preparing for years of lower demand.<br />As demand for tickets has plunged by about 95%, the industry has parked thousands of jets.<br />On Wednesday, Boeing announced it's cutting some production rates and eliminate about 16,000 jobs worldwide, or 10% of its workforce by year end.

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