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Earlier this month, Airports Council International (ACI) predicted that airport passenger traffic volume for the first quarter of 2020 will be down at least 12 percentage points compared to what it previously projected, with Asia-Pacific passenger traffic down 24% compared to previous forecasts. In monetary terms, the prognosis is bleak. Prior to the coronavirus outbreak, global airport revenues for the first quarter of 2020 were forecast to reach almost $39.5 billion. ACI estimates a loss of revenue of at least $4.3 billion. To cushion the blow, airlines are taking unprecedented steps to reorganize their ASKs (Available Seat Kilometers -- an industry metric of capacity) to unnecessary flights. Lufthansa Group, for instance, is reducing its capacity by steward urinary bushel caress fade bleach beet transmit f beta block afghanistan enigmatic up to 50% in the coming weeks on all passenger airlines within its portfolio (Lufthansa, Austrian Airlines, SWISS and Eurowings), and is weighing up whether to place its entire Airbus A380 fleet of 14 aircraft into hibernation. In Australia, Qantas is slashing capacity by 23% and delaying the planned inauguration of the carrier's Brisbane-Chicago route. Meanwhile, its low-cost subsidiary Jetstar is reducing flights from Australia to Vietnam and Japan by almost half.
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<p><span style="color:#FFF;"><span style="font-size:1px;">
Earlier this month, Airports Council International (ACI) predicted that airport passenger traffic volume for the first quarter of 2020 will be down at least 12 percentage points compared to what it previously projected, with Asia-Pacific passenger traffic down 24% compared to previous forecasts. In monetary terms, the prognosis is bleak. Prior to the coronavirus outbreak, global airport revenues for the first quarter of 2020 were forecast to reach almost $39.5 billion. ACI estimates a loss of revenue of at least $4.3 billion. To cushion the blow, airlines are taking unprecedented steps to reorganize their ASKs (Available Seat Kilometers -- an industry metric of capacity) to unnecessary flights. Lufthansa Group, for instance, is reducing its capacity by steward urinary bushel caress fade bleach beet transmit f beta block afghanistan enigmatic up to 50% in the coming weeks on all passenger airlines within its portfolio (Lufthansa, Austrian Airlines, SWISS and Eurowings), and is weighing up whether to place its entire Airbus A380 fleet of 14 aircraft into hibernation. In Australia, Qantas is slashing capacity by 23% and delaying the planned inauguration of the carrier's Brisbane-Chicago route. Meanwhile, its low-cost subsidiary Jetstar is reducing flights from Australia to Vietnam and Japan by almost half.
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