Lufthansa subsidiary Austrian Airlines has announced that it would retire three of six Boeing 767 jets in the fleet.
IATA chief executive Alexandre de Juniac has said social distancing measures could spell the end for "cheap travel."
Kuwaiti leasing agency ALAFCO has filed a USD$336m lawsuit against Boeing this week, claiming breach of contract against the Chicago-based manufacturer.
Delta has reported a $534 billion loss for the first quarter of 2020 and Aeromexico $100 million as airlines begin to reveal the financial costs of coronavirus.
Delta Airlines, which holds a 49 per cent stake in Virgin Atlantic, has firmly rejected the idea of providing a cash injection to get the struggling airline through its current crisis.
Airbus has recently started a new virtual aircraft delivery process to secure the continuation of the manufacturer's delivery stream.
