Bloomberg Scott Kirby, the president of United Airlines Holdings Inc, described a “dire scenario” in which monthly sales would plunge 70% until the start of June, then 60% that month and 40% in July and August. That outlook, it soon became clear, was too optimistic with the coronavirus pandemic destroying virtually all demand for travel. Airlines and their labour unions …

Bloomberg Qantas Airways Ltd is cutting almost all overseas flights and more than half its domestic schedule as the coronavirus outbreak paralyses travel worldwide. International capacity will be cut by about 90% until at least the end of May, the Australian airline said in a statement. Domestic capacity will fall 60% over the same period. Government travel bans, quarantines and …

Bloomberg Air Canada fell as much as 38%, its biggest one-day drop since going public, after prime minister Justin Trudeau said the country would close its borders to all foreign travellers except Americans. The Montreal-based company became the latest airline to withdraw financial forecasts and cut capacity as the Covid-19 pandemic plunges the global industry into unchartered territory. The stock, …