Fears over the spread of the coronavirus is leading to emptier planes, sending airline shares down to fresh multiyear lows and handing carriers their biggest challenge in a generation.
Some airlines are pausing hiring, offering unpaid leave and cutting flights to reduce costs as the virus spreads. U.S. airlines, which analysts consider among the best in the world to weather a crisis, have dropped more sharply than the broader market.
One side effect of the decline in air travel demand: bargain fares.
A round-trip ticket between the New York area and Miami on during the Passover and Easter holidays, when New York City public school students are on vacation, are between $142 and $177, for the cheapest, basic-economy fares on airlines including Delta, American and United, a Kayak search on Monday showed. On discount carrier Frontier, a ticket-search showed seats for that route around $137.
The popular leisure route isn’t the only deal. Boston to San Francisco, a popular business-class…