Norwegian Air halts flights to Italy because of coronavirus

OSLO (Reuters) – Norwegian Air (OL:) has temporarily halted flights to and from Italy because of the coronavirus outbreak, the budget carrier said on Tuesday, adding to the company’s financial woes.

The whole of Italy has been placed under lockdown until next month in an attempt to beat the spread of the virus, the government announced on Monday.

“Due to quarantine restrictions that were recently imposed across Italy, Norwegian has decided to temporarily halt its flights,” the airline said.

A flight from New York to Rome was canceled on Monday, Norwegian said, while flights between Oslo and Rome will similarly be scrapped on Tuesday.

The cancellations add to an already difficult financial situation at Norwegian, which last week scrapped its 2020 outlook and has lost 70% of its market value this year.

Britain’s Flybe collapsed on March 5 as booking faltered amid the virus outbreak, and a further shakeout in the industry is seen as likely, industry experts have warned.

A pioneer in low-cost transatlantic travel, Norwegian in recent years launched flights from the Italian capital to major U.S. cities such as Los Angeles and Boston, as well as New York.

On March 5, as the coronavirus outbreak escalated, the company said it would cancel 22 flights between Europe and the United States from March 28 to May 5.

Norwegian last week also canceled flights to and from the worst affected areas of northern Italy.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.