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UPDATE 1-Airline industry turmoil deepens as coronavirus pain spreads [Reuters]
Last american airlines group, inc. earnings: 4/30 07:30 am
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UPDATE 1-Airline industry turmoil deepens as coronavirus pain spreads * Qantas tells most of its 30,000 staff to take leave * India prepares $1.6 bln aviation rescue package - sources * U.S. offers $50 bln in loans to airlines but no grants (Adds American Airlines, easyJet staff memos, New Zealand travel advice) By Jamie Freed and David Shepardson SYDNEY/WASHINGTON March 19 (Reuters) - Airline industry turmoil deepened on Thursday as Qantas Airways Ltd told most of its 30,000 employees to take leave and India prepared a rescue package of up to $1.6 billion to aid carriers battered by coronavirus, government sources said. The U.N.’s International Civil Aviation Organization called on governments to ensure cargo operations were not disrupted to maintain the availability of critical medicine and equipment such as ventilators, masks, and other health and hygiene items that will help reduce the spread of the coronavirus pandemic. Passenger operations have collapsed at an unprecedented rate
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