(WBAP/KLIF) — Airline travel may take two years to return to normal. Travel demand has dropped to less than 10% of historic levels and the Coronavirus pandemic could cause massive airline industry lay-offs.
With the scare of Coronavirus detouring many Americans from travel, the airlines are taking a massive hit.
According to airline industry expert Denny Kelly, 20,000 pilots at American, Southwest, United, and Delta could be without a job in October.
The big four major airlines have parked half of their fleet due to the massive drop in travel caused by the pandemic and all have lost billions of dollars amid the shutdown.
With a dismal travel forecast, American Airlines plans to remove one of its aircraft from service. More than half of American’s 900 planes have already been grounded due to a drop in reservations caused by COVID-19. The Fort Worth airline is now parking its Airbus A330 aircraft until at least 2022. Kelly says a scarcity of passengers also points to possible large-scale airline lay-offs in coming months.
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