COVID-19 prompts Azul Airlines to slash international capacity
Despite the coronavirus being less intense in Latin America, long haul international demand from the region is coming under pressure. The drop-off in demand, coupled with currency pressure, has forced the Brazilian airline Azul to slash its international capacity.
Perhaps fortunately for Azul, the majority of its capacity is deployed into Brazil’s domestic market, but the airline is still making adjustments on domestic routes, pledging to match its capacity in line with demand.
As airlines worldwide work to shore up their liquidity and halt nonessential spending, Azul is touting its ability to weather the fallout from the spread of COVID-19 coronavirus, including no significant debt payments that are due in 2020.
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