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Pandemic (2). European carriers: S&P Global cuts ratings

Ax on easyJet, Ryanair, Lufthansa, British, Air Baltic, Turkish, Iag and Sas

Financial information and analysis firm S&P Global, a subsidiary of Standard & Poor, wrote last Friday: "The spread of Covid-19 cases around the world in recent weeks has plunged the demand for air traffic. Unprecedented government travel restrictions and orders quarantine, which are rapidly occurring around the world in response to the pandemic, have led many airlines to temporarily land most planes...

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AVIONEWS - World Aeronautical Press Agency
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