Coronavirus impact on airlines “worse than” after 9/11, JetBlue CEO says
The coronavirus outbreak couldover $100 billion in global revenue, according to an industry group calculation. JetBlue CEO Robin Hayes compared the drop in business to the 30% dip airlines experienced after the 9/11 attacks, and said it was “probably worse than that” in terms of demand for the industry.
“This is the sort of event in the airline industry we only tend to see about once every ten years,” Hayes said on “CBS This Morning” Wednesday.
JetBluesince the first confirmed case of coronavirus in the U.S. The company cut domestic flights because of decline in passengers and activated a special response team to monitor the situation.
Hayes called coronavirus’ impact on the industry “devastating.” He noted JetBlue had good numbers in January and February, but started to see a drop off “around …continued .
[Source: CBS News]