Panama's Copa Airlines cancels all flights as coronavirus crisis spreads [Reuters] 21 Mar, 2020

(Reuters) - Panama’s Copa Airlines (CPA.N) on Friday said it will suspend all operations from March 22 until April 21, making it the first Latin American carrier to take such a drastic measure in order to weather the coronavirus crisis. Air travel in Latin America has become heavily restricted in recent days. Panama and Colombia announced the suspension of all international travel to their countries on Thursday. The restrictions in the region have left airlines scrambling to sustain their operations and left many passengers stranded without a viable way to get home. Colombia’s main carrier, Avianca Holdings (AVT_p.CN), said on Friday that 5,000 employees, or about a quarter of its workforce, would be taking unpaid leave. Colombia has canceled all of its international flights and 84% of its domestic flights within Colombia. Meanwhile, Brazil, Latin America’s largest economy, remains the odd country in the region. It has the least restrictive regulations in place on air travel and its infrastructure minister, Tarcisio Freitas, said on Friday that Brazil is not planning to shut down any airports. Our Standards:The Thomson Reuters Trust Principles.

More News

Lufthansa supervisory board unable to approve bailout package

27 May, 2020 Reuters

FRANKFURT (Reuters) - Lufthansa’s (LHAG.DE) supervisory board was unable to approve a 9-billion euro (8 billion pounds) bailout in light of cond ... Detail

Lufthansa supervisory board postpones approval of bailout package

27 May, 2020 Reuters

FRANKFURT (Reuters) - Lufthansa’s (LHAG.DE) supervisory board postponed approval of a 9 billion euro ($9.90 billion) bailout in light of conditi ... Detail

Wall Street opens higher on recovery optimism

27 May, 2020 Reuters

(Reuters) - U.S. stock indexes gained at the open on Wednesday as a pickup in business activity fueled hopes of a post-pandemic economic recovery, whi ... Detail

Trump threatens to shutter social media companies after Twitter warning

27 May, 2020 Reuters

WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday threatened to regulate or shut down social media companies, one day after Twitter Inc ... Detail

Wall Street set for higher open as recovery hopes outweigh Sino-U.S.tensions

27 May, 2020 Reuters

Travel-related stocks, which were among the worst hit in the sell-off earlier this year, continued to outperform. United Airlines Holdings Inc (UAL.O ... Detail

Post Your Comments
Type your Comments / Review in the space below.
Verify Code