The company put out some guidance today and other than some financial specific details this is the huge number that sticks out:
Quote:
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Communicated that May schedule reductions are expected to be at least 20% and announced plans to proactively evaluate and cancel flights on a rolling 90-day basis until there are signs of a recovery in demand.
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A 20% cut to capacity, even in the short term is massive. Those are 9/11 level draw downs. Rolling cancellations into the future is necessary, but could be scary if this goes months and months.