Panama-based Copa Airlines barely expects to fulfill a meager 12% of its original schedule for the month June.
American Airlines has reported its first-quarter financial results for 2020 on April 30 and the outcomes as are dreadful as they get. The airline recorded a net loss of $2.2 billion.
Copa Airlines said on Monday it may not have enough liquidity to survive the coronavirus crisis despite cutting costs, becoming the second major Latin American airline to suggest that it may cease to exist due to the outbreak.
Air Canada will call off all flights south of the border following the decision made by the Canadian and U.S. governments to extend their border closure for another month, part of the effort to slow the spread of the novel coronavirus.
U.S.-based airlines cope with a bleak future of depressed traffic and volatile revenue well into 2021. By one analyst’s count, as many as 105,000 jobs could be lost industrywide.
The U.S. Department of Transportation, citing the parameters of the CARES Act, has denied a request from JetBlue and Spirit airlines to suspend service to some cities.