Coronavirus continues to spread around the world.
The pandemic is causing disruptions to just about everything from businesses to school to shopping. (Good luck finding toilet paper in the store!)
The Coronavirus is also severely disrupting travel with cruises being stopped and countries even closing their borders to visitors.
Due to this, “Delta announces its biggest flight capacity cuts in history — even deeper than after 9/11,” according to CNN Business.
In a memo sent out by CEO Ed Bastian which CNN obtained, he wrote “The speed of the demand fall-off is unlike anything we’ve seen — and we’ve seen a lot in our business.”
Delta will reduce overall capacity in the next few months by 40%. This will also include the grounding of up to 300 of the plane in its fleet.
Delta CEO Bastian will not be taking a salary for the next six months and he also “urged employees to take a voluntary leave“. No layoffs were announced yet.
Due to what’s going on, I can’t say that the 40% cut to flights even sounds drastic. I could see many airlines pretty much being grounded due to Coronavirus if things don’t take a turn for the better in the near future.
I’d also expect many other airlines to announce flight capacity cuts, too.
Find out more from CNN here.