Airport, Detroit Metropolitan Wayne County,
Indianapolis International Airport and
McCarran in Las Vegas.
Airlines concerned about the federal
government are now facing travel restrictions
imposed by one state. In Florida, Gov. Ron
DeSantis issued an executive order requiring
anyone arriving on a flight from New York
City or New Jersey to quarantine themselves
for two weeks. Southwest said the order had
not caused any additional flight cancellations.
American said it was notifying passengers
about the Florida edict.
The new virus and a global recession will
do more financial damage to airlines than
previously estimated, according to an industry
trade group.
The International Air Transport Association
said Tuesday that it now estimates that
passenger revenue worldwide could fall
as much as $252 billion, or 44%, compared
with last year because of the decline in travel.
That is based on strict travel restrictions
lasting up to three months, followed by a
slow economic recovery.
Less than three weeks ago, the group estimated
the virus could reduce airline revenue by up to
$113 billion compared with 2019, before a new
round of travel restrictions that have stopped
most international air travel.
Delta Air Lines is the world’s biggest and most
profitable airline. On Tuesday, Standard & Poor’s
cut Delta’s credit rating from investment grade
to speculative, or junk, status.