A report from a U.N. agency warns that the coronavirus will have a much greater impact on global airlines than the SARS epidemic had by skleb1234
... [+]Thanks to wide-ranging flight cancellations due to the coronavirus outbreak, global airline revenues are set to fall by $4 billion to $5 billion in the first quarter of 2020, according to a, the Montreal-based agency warned that the coronavirus, which has infected 64,000 people worldwide and killed at least 1,380, would have a greater impact on the aviation industry than the 2003 SARS epidemic.
in passenger capacity in the first quarter—almost 20 million passengers less than what airlines had projected. According to similar findings from OAG, a firm that analyzes global airline schedules, the coronavirus has resulted in an in international air traffic over the past few weeks, with two-thirds of international flights from China now cancelled., losing 16% of its total international flight capacity in recent weeks, according to OAG. That’s because of 200,000 fewer direct flight seats—about 60% of all traffic between Japan and China, being affected.for the first quarter of 2020 sees Japan losing $1.
With investors around the world continuing to worry about the impact of the fast-spreading coronavirus outbreak on China’s and the world’s economy, experts are
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