Alaska Air expects to lower April and May capacity by 80%
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April 6 (Reuters) - Alaska Air Group said on Monday it expects to cut its capacity by 80% for both April and May, as demand falters due to the coronavirus crisis. (https://bit.ly/2JLqiUa)
The U.S. carrier had earlier planned to reduce its April capacity by at least 10% and May capacity by at least 15%.
"Alaska Air continues to experience demand that is 80% or more below normal levels as a result of the COVID-19 outbreak," the company said in a regulatory filing.
"In recent weeks we have moved quickly to dramatically reduce capacity, pull down costs, cull cash expenditures and access financing." (Reporting by Ankit Ajmera in Bengaluru; Editing by Shailesh Kuber)
