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Southwest CEO takes pay cut as coronavirus drags airline sales down
Delta Air Lines reducing capacity amid coronavirus concerns
Delta joins rival American in trimming flight schedules as the COVID-19 outbreak curbs ticket demand.
Airlines on Tuesday detailed the growing impact of the coronavirus by cutting more flights in domestic and international markets, parking planes, freezing hiring and reducing executive pay.
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American Airlines Group and Delta Air Lines both said they planned to reduce the number of flights across their networks, and Southwest Airlines CEO Gary Kelly told employees that he will take a 10% pay cut as the airline faces the most severe downturn in decades because of the spread of the coronavirus.
The moves come as bookings have dropped off amid growing passenger fears about traveling, and concerns that recovery could take months, rather than the quick bounceback many had initially anticipated when the virus first started to affect travel early this year.
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American said it plans to cut domestic flying by 7.5% by decreasing frequencies in markets where it operates many flights. It will reduce international flying by 10% for the summer peak travel season.