The spread of the coronavirus could force weak airlines to merge with competitors, the head of Air France-KLM and the A4E association of European airlines said Tuesday.
“There are quite a few weak carriers around the world,” Benjamin Smith said at the association’s annual meeting. “I believe this will accelerate consolidation”.
Last week, airlines moved to reduce flights to Italy where the largest outbreak in Europe is underway. Last month, the International Air Transport Association said that airlines operating in the Asia-Pacific region stand to lose a combined $27.8 billion of revenue this year owing to the ongoing coronavirus crisis.
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