«Look at what happened to the aviation industry during the Sars epidemic in 2003», says Helene Spro, financial analyst at Scope Ratings. Traffic volume of Asian airlines fell by 8 percent. «We expect the outbreak of Covid-19 to have a major impac», the expert adds.
Voluntary, unpaid leave
The Covid 19 epidemic has «a major impact on the hub operations of Frankfurt Airport - on all areas from flight operations and ground handling to cargo and retail», the operator of Frankfurt airport explains. That's why all costs are being reviewed. A stop on new hires has already been implemented, as well as an offer for employees to take voluntary, unpaid leave or to work part-time temporarily.
