Air Canada said Friday it plans to lay off at least 20,000 employees because of the coronavirus pandemic. Canada’s largest airline said the cuts affect more than half of the company’s 38,000 employees.
Peter Cerda, the regional vice president for the Americas at the International Air Transport Association (IATA), says the state of the global airline sector, including carriers in the Caribbean, is “as bad as one could expect”.
TUI, the world's biggest tour operator, has announced plans to scale back its global operations and cut up to 8,000 jobs as it prepares for a weaker travel and tourism market following the coronavirus pandemic.
The German government could rescue Europe's leading global airline by taking a 25% stake as part of a €9 billion ($9.7 billion) bailout.
The head of the Caribbean Hotel and Tourism Association is calling on international tour operators that have delayed paying hotels for services delivered to the operators’ clients as early as January to expedite reimbursements.
Ryanair is expected to cut as many as 3,000 jobs in the wake of the coronavirus pandemic.The low-cost carrier grounded all flights in mid-March.