Spanish Airline Iberia Decide to Reduce The Size Of its Fleet Due To COVID-19

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Spanish Airline Iberia Decide to Reduce The Size Of Fleet Due To COVID-19 Outbreak
Spanish Airline Iberia Decide to Reduce The Size Of Fleet Due To COVID-19 Outbreak

As Coronavirus is spreading rapidly, the chief executive of the Spanish airline Iberia said the company would reduce the size of its fleet, flying to as many destinations and as many flights. Luis Gallego said, According to local Spanish media outlet, that Iberia, is a part of the International Consolidated Airlines Group (IAG.L), wants to expand a temporary layoff plan for workers by December.

Gallego said the airlines would be smaller, however, and would exist. Describing the layoffs as ‘unate unfortunate’, the CEO said that Iberia would have fewer aircraft, fewer flights and fewer destinations. He further said that the new plan to make airlines ‘small’ comes with capacity to adapt to demand.

Amid the unprecedented coronavirus lockdown, as per Gallego reported Madrid-based airlines were losing seven million euros per day. He reportedly said that Iberia would withdraw 17 Airbus A340-600 aircraft from its fleet. He also said that demand within the airline industry wasn’t expected to return to 2019 levels by 2023 or 2024.

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The outbreak of coronaviruses has not only affected the economy but has also put the airline industry in its greatest crisis. Back in May, Iberia and Vueling also reportedly received a government-backed loan of one billion euros to counter the decline. However, as travel restrictions continue in many countries, Iberia decided to scale back the corporate.

Spain opens borders to European regions 

Meanwhile, Spain will reportedly open its border to countries that don’t seem to be a part of the Schengen area since July 1.Earlier this month, the country also opened its borders to 25 countries in the European regions Schengen region. The borders with neighboring country Portugal, however, opened on July 1, as previously scheduled.

The European country began loosening border restrictions in May. Earlier, the Spanish government stated that it would allow foreign visitors inside the country without having to undergo self-quarantine for 14 days. However, this rule wouldn’t apply to the archipelago, an archipelago east of the mainland. Currently, per Johns Hopkins University, approximately 248,469 coronavirus cases are confirmed in Spain and therefore the deadly virus has claimed the lives of However, this rule wouldn’t apply to the archipelago, an archipelago east of the mainland. over 28,000 people within the country.

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