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

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

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

  • I E.

  • 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.

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

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A2 travel operating winter loss carrier france

Major airlines face up to likely winter blues

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    林宜悉 posted on 2020/11/03
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