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Coronavirus could be as bad for airlines as financial crisis, as Flybe fails – business live

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IATA warns Covid-19 will cost airlines up to $113bn in revenue this year, as regional airline Flybe collapses, and experts fear others will followLatest: IATA hikes estimates for coronavirus lossesMore firms will collapse, experts fearPassengers stuck at Exeter…2,000 staff hitIntroduction: Flybe has gone into administrationHow have you been affected?
11.00am GMT In other travel news, the British Chambers of Commerce has called on the government should press ahead with Heathrow expansion.Speaking at the BCC’s annual conference in London, director general Adam Marshall said a third runway should be a broad agenda of infrastructure spending. 10.53am GMT At Manchester Airport, Flybe customers are also coming to terms with the airline’s collapse.Patrick Greenford, 77, retired, from Leeds, tells my colleague Gregory Robinson: I think it’s very sad that it’s gone bust and I feel very sorry for the people who were meant to be flying with them today. It’s very sad for the people who don’t have work anymore too.I use their services to take me to and from Jersey. I’m used to flying from home to here in Manchester but I know there were a lot more locations they provided services which will probably affect so many people.Practically everyone I know back home has used them at some point. I’ve never flown with FlyBe but my sister always used to. She always used to visit Knock in Ireland. I have no idea how she’ll get there now… Continue reading…



Source link : https://www.theguardian.com/business/live/2020/mar/05/flybe-collapses-into-administration-coronavirus-cost-ftse-stock-markets-business-live

Author : Graeme Wearden

Publish date : 2020-03-05 11:00:17

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