Department of Transportation's Szabat
The airline industry is being hit particular hard as a result of the coronavirus and news today is starting to pile on:
- United Airlines is already announced a reduction of 20% of international flights and 10% of domestic flights as well as hiring freeze.
- Airbus is now moles move after top a 330 client deferred deliveries. They are waiting output cut as a result
- Department of Transportation's Szabat is saying that coronavirus is causing reconsideration of air travel.
- Szabat adds that fewer than 1000 air passengers to US from China per day. Pre-coronavirus, the daily number was closer to 15 K. He says that air passengers may fall 6%
