Korean Air has warned the coronavirus outbreak could threaten its survival in a memo sent to employees.
South Korea has been hit hard from travel restrictions aimed at curbing the spread of the virus.
Its national carrier has cut more than 80% of its international capacity while encouraging employees to take voluntary leave.
In the memo, Woo Kee-hong, Korean Air’s president said the airline couldn’t predict how long the crisis would last.
“But if the situation continues for a longer period, we may reach the threshold where we cannot guarantee the company’s survival,” he said in the memo, which was seen by Reuters.
A spokesman for Korean Air told the BBC the purpose of the internal memo was “to encourage employees and ask for understanding to overcome the crisis together”.
“We have gone through numerous difficulties for the past 51 years, and I’m confident that we will overcome this crisis together,” he said.
The airline industry has been struggling with a sharp downturn in passengers numbers with travel restrictions in place and an unwillingness to fly during the virus outbreak.
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