Airlines cancel international flights, warn about billion-dollar losses amid COVID-19 outbreak

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Major airlines are scaling back flights dramatically in response to the coronavirus crisis that has seen Europe and the wider world go into lockdown.
Budget airline EasyJet said it is making big cancellations that will continue on a rolling basis. It said that could result in the grounding of the majority of its fleet. 
BA's parent company, IAG, which also owns Spain's Iberia, said that for April and May it plans to reduce capacity by at least 75% from the previous year. It also said it is reducing operating expenses, including through voluntary leave options.
Ryanair, Europe's busiest airline, said it expects to ground the majority of its fleet across Europe over the next 7-10 days.
Travel company Tui is suspending the vast majority of travel operations until further notice, including package travel, cruises and hotel operations.
A day earlier, United Airlines had said it needs to cut flying capacity by 50% in April and May, while American Airlines announced a 75% cut to international flights.


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