American and Spirit Airlines suspend 2020 guidance due to coronavirus outbreak [Toronto Globe and Mail (Ontario, Canada)]
Spirit Airlines, Inc. (SAVE)
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Source: Toronto Globe and Mail
U.S. airlines ditch 2020 financial forecasts, cut flights due to coronavirus outbreak American Airlines aircraft sit parked at their gates at Miami International Airport on April 24, 2019. The Associated Press Australian airline Qantas announced on Tuesday it will cut its international capacity by nearly 25 per cent over the next six months and delay an order for Airbus A350 planes, all part of sweeping changes in response to a coronavirus-led plunge in passenger demand. Reuters American Airlines aircraft sit parked at their gates at Miami International Airport on April 24, 2019. Leading U.S. airlines American and Delta suspended 2020 financial forecasts on Tuesday and took drastic further measures to combat the impact of the coronavirus, while United announced a capital raising and said it would post a first-quarter loss. The sector has been hard-hit in the fast-spreading epidemic as tourists cancel trips and businesses across the globe clamp down on anything other than essenti
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