The Slump

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British Airways suspension of flights to and from London Gatwick Airport in the midst of a collapse of demand due to the coronavirus.

the following Easyjet flights have been suspended, after the government advised against all but essential travel.

British Airways staff said it was facing a challenging market environment in "unexpected circumstances", according to an E-Mail seen by The Bbc

The airline said it would to the customer "discuss your options".

"Due to the significant restrictions and challenging market environment, like many other airlines, we are told, temporarily, our flying schedule at Gatwick," the airline said in a statement.

the shares of IAG, the owner of British Airways , have More Than halved in value since the beginning of the month. Although the share price rose by 8. 4% to 218. 7p on Tuesday.

While the BA more cross from Heathrow flies from his shooting, so she's doing back on a very reduced timetable, as travelers scramble to England.

Easyjet has grounded its entire fleet of

Yesterday, Easyjet has grounded its entire fleet of aircraft and said it could not give a date for when they will restart.

The International air transport association, IATA, says The Crisis in the industry, caused by the Corona Virus outbreak will result in "no doubt", to the collapse of some airlines, while others only begin to recover towards The End of the year.

With heavy travel restrictions in force in the countries around The World , many airlines have to expose had to, routes, and ground witnesses a large number of flight. because it comes together a little money, with the exception of cargo services, which you burn through your cash reserves.

the IATA expects that you described to collective losses of $39bn in the three months to The End of June, a figure, as a devastating.

Among the largest costs you face a potential $35bn bill for the refund of tickets.

return promotion

BA, Easyjet and Virgin Atlantic are among the airlines with the government to fly the British Back To the UK.

The government has promised to bring £75m charter special flights home, UK nationals from countries where commercial flights are not available.

aviation bosses have to stop lobbying the government for a targeted assistance package, companies go under, as a result of the drop in demand.

If a passenger cancels the flight, you are entitled to a full refund to the original form of payment within Seven Days under the EU air passenger rights rules.

However, airlines including BA have removed the usual option, where passengers can claim your money back online. Airlines want customers vouchers.

Some of the airlines are worried about your future, if you are to refund passengers, and will receive no help from The State .

Virgin Atlantic is expected to seek The State 's help in The Coming days

say, While you have been able to, for the employees the wages under the government of Coronavirus Job Retention scheme, you can still pay to Finance the cost of their aircraft.

in The Coming days.

On Tuesday, the government announced plans to help inject fresh capital into the Emirates, to overcome the airline, the impact of Corona-Virus.

The Carrier suspended all passenger flights on may 25. March for Two Weeks .

Crown Prince Sheikh Hamdan bin Mohammed said Emirates has "a strategic importance for Dubai and UAE economy," and added that he will give further information on The Cash -infusion "at a later date".

In the United States, American Airlines said it will try $12bn (£9. 7 billion), the financial support of its government, because the effects of the Corona-Virus.

he said It would mean "no involuntary furloughs or reductions of compensation or benefits for The Next six months".

The Company back $1. 3 billion to shareholders in the Form of dividends and share repurchases in the past year, according to Bloomberg

coronavirus pandemic, iag, british airways, gatwick

Source of news: bbc.com