{"id":342100,"date":"2020-03-17T10:21:20","date_gmt":"2020-03-17T04:51:20","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=342100"},"modified":"2020-03-17T10:48:45","modified_gmt":"2020-03-17T05:18:45","slug":"single-biggest-shock-airlines-airports-battle-covid-19-cash-crunch","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/single-biggest-shock-airlines-airports-battle-covid-19-cash-crunch\/","title":{"rendered":"&#8216;Single biggest shock&#8217;: Airlines, airports battle Covid-19 cash crunch"},"content":{"rendered":"<p>Airlines and airport operators said they are taking steps such as suspending dividends, selling and leasing back airplanes and flying cargo on empty passenger jets as they grapple with a cash crunch and plunging demand caused by the coronavirus outbreak. <\/p>\n<p>&#8220;It&#8217;s now fair to call this the single biggest shock that global aviation has ever experienced,&#8221; Qantas Airways Ltd Chief Executive Alan Joyce said in a memo to the airline&#8217;s 30,000 staff on Tuesday. <\/p>\n<p>The Australian carrier announced plans to cut international capacity by 90% and domestic capacity by 60% until at least the end of May, grounding the equivalent of 150 planes in response to new travel restrictions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Airlines and airport operators said they are taking steps such as suspending dividends, selling and leasing back airplanes and flying cargo on empty passenger jets as they grapple with a cash crunch and plunging demand caused by the coronavirus outbreak. &#8220;It&#8217;s now fair to call this the single biggest shock that global aviation has ever experienced,&#8221; Qantas Airways Ltd Chief Executive Alan Joyce said in a memo to the airline&#8217;s 30,000 staff on Tuesday. The Australian carrier announced plans to cut international capacity by 90% and domestic capacity by 60% until at least the end of May, grounding the equivalent [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-342100","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=342100"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342100\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=342100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=342100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=342100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}