Coronavirus: Korean Air fighting for 'survival'

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Coronavirus: Korean Air fighting for 'survival'

Postby Greg on Tue Mar 10, 2020 7:33 pm

Korean Air has warned the coronavirus outbreak could threaten its survival in a memo sent to employees.

South Korea has been hit hard from travel restrictions aimed at curbing the spread of the virus.

Its national carrier has cut more than 80% of its international capacity while encouraging employees to take voluntary leave.

In the memo, Woo Kee-hong, Korean Air's president said the airline couldn't predict how long the crisis would last.

"But if the situation continues for a longer period, we may reach the threshold where we cannot guarantee the company's survival," he said in the memo, which was seen by Reuters.

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