Here is an overview of how airlines are coping with the reduced demand.
Has anounced a 24% cut in transpacific flights and a 6% cut in the total internatioanl operations. The changes have already taken place.
Has suspended 17 weekly flights to the US, SE Asia and Australia. the changes have already taken place.
Is dropping 12 routes due to a drop of capacity of 15%. They might also be forced to ground eight of its wide.body aircraft, from a fleet of six 747-400 and two 777-200ER. The five new aircraft, due for delivery (three 747-400 and two 777-200ER may be defferred.
Malayasian has also reported job losses but the figures are unknown.
They may be forced to sell 10 aircraft and will reduce weekly flights to the US from 61, to 48. They will also suspend eight international routes.
Will 5% of its 7000 staff and has already suspended 3 weekly flights to Los Angeles.
SOURCE: Airliner World
What do you guys think will happen to other Asian Airlines?