Name: Major airlines face up to likely winter blues
Uploaded: 2020-11-03T19:55:10.000Z
Duration: 1 min 35 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

three of the world's top airlines faced up to winter blues on Friday, with bookings hammered by global lockdowns and travel restrictions.

Past simple

British Airways owner I E G said it would drive down its cost base.

Gerund

New CEO Louise Gallego is sticking to a policy of cutting employee and supplier costs to survive low travel numbers.

G said it had cut cash operating costs by 54% from original plans to 205 million euros per week, or nearly $240 million during July to September.

It's a move seen as key to the airline surviving during the winter with very low travel.

Operating loss for the quarter came to about $2.2 billion.

A warning sign about the coming months also came from Air France KLM.

The carrier unveiled a $1.24 billion quarterly loss on Friday and it warned of worse to come as new global lockdowns brought fresh travel curbs.

Revenue in the third quarter fell 67% to just over $2.9 billion.

Like I a G, Air France KLM plans to reduce costs assed part of that, it will cut 9000 full time positions this year, with 4500 MAWR to go by 2022.

It was no better in Asia for Japan Airlines, either.

Japan's second largest carrier forecast a record operating loss for the year through to March of between 3.23 point $6 billion.

 Its overseas flights have been mostly empty this year and domestic bookings around half what they were last year. 

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Major airlines face up to likely winter blues

stick

revenue

domestic

survive