February 11, 2020 / 7:30 PM / 15 days ago

BRIEF-Moody's Says Fuel Savings For U.S. Airlines Greater Than Lost Earnings From Coronavirus-Related Service Reductions

Feb 11 (Reuters) - Moody’s:

* MOODY’S SAYS FUEL SAVINGS FOR U.S. AIRLINES GREATER THAN LOST EARNINGS FROM CORONAVIRUS-RELATED SERVICE REDUCTIONS

* MOODY’S SAYS GEOGRAPHIC BREADTH AND DURATION OF CORONAVIRUS’ ACTIVE PERIOD WILL DETERMINE EXTENT OF FUEL SAVINGS BENEFIT FOR U.S. AIRLINES

* MOODY’S SAYS DECLINE IN GLOBAL OIL PRICES BASED ON EXPECTED SLOWING ECONOMIC ACTIVITY DUE TO CORONAVIRUS WILL OFFSET LOST EARNINGS OF U.S. AIRLINES Source text for Eikon:

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