Air France says to cut capacity between 70 and 90% over next two months

Air France said Monday it will slash flight capacity by 70-90 percent over the next two months due to the coronavirus outbreak, joining a host of other airlines taking similar action.

Capacity could be cut "by 70 to 90 percent," Air France said in a statement, adding that as a result it expected its financial situation to be "badly impacted" compared with previous forecasts.