American and Delta suspended their 2020 guidance as the coronavirus wreaks havoc on air travel around the world
and took drastic further measures to combat the impact of the coronavirus as the head of smaller rival Southwest took a 10% pay cut.
Delta, whose sales last year were marginally higher than American, said it was freezing hiring across the company, offering voluntary leave options to staff and looking at early retirement of older aircraft. American said a fall in fuel prices, as oil sank around a fifth in value on Monday, is expected to drive about $3 billion in 2020 cost savings.
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