Emirates Mulls Grounding Its A380 Fleet as Virus Spreads - Bloomberg

Emirates Mulls Grounding Its A380 Fleet as Virus Spreads - Bloomberg:

Emirates, the world’s biggest long-haul airline, is looking at grounding the bulk of its 115 Airbus SE superjumbos as the coronavirus undermines global travel demand, people familiar with the situation said.

Dubai-based Emirates has already idled more than 20 A380s and is seeking to delay taking the last handful due for delivery, Bloomberg reported last week. The company hasn’t made a decision on standing down the fleet, according to the people, who asked not to be named discussing a private matter.

Emirates, which also operates 155 Boeing Co. 777 wide-bodies, didn’t respond to a request for comment. The company has stopped serving about a quarter of its usual destinations, encouraged staff to take leave, and said on March 12 that deeper cuts were under consideration.

Many airlines are effectively winding up flying as the pandemic wipes out demand, with discount giant Ryanair Holdings Plc saying Wednesday it expects to ground most if not all flights from next week. Emirates’s business model is focused on inter-continental routes, and while the spread of the virus is easing in parts of Asia, it’s accelerating in its European and North American markets.