IAG, owner of British Airways and Spanish carrier Iberia, said Monday it would slash the group's flight capacity by 75 percent during April and May owing to the coronavirus outbreak.
"For April and May, the Group plans to reduce capacity by at least 75 percent compared to the same period in 2019," it said in a statement. Air France also said Monday it would slash flight capacity by 70-90 percent over the next two months due to the coronavirus outbreak.
Capacity could be cut "by 70 to 90 percent," Air France said in a statement, adding that as a result it expected its financial situation to be "badly impacted" compared with previous forecasts.
Separately, British no-frills airline EasyJet said it may have to ground "the majority" of its fleet over COVID-19, warning there was no guarantee European airlines would survive a long-lasting freeze in air travel.
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