Europe’s Airlines Face Their Biggest Ever Peacetime Crisis

(Bloomberg) -- Airlines are facing their biggest ever peacetime crisis because of the coronavirus outbreak, and figures show that flights to and from European airports fell 40% in March from a year earlier. Italy recorded a staggering drop of almost 70%, the most since the series began in 2005. With national lockdowns restricting travel, airlines are facing a cash crunch -- some may struggle to survive -- and tens of thousands of workers have been put on temporary leave.

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