Coronavirus Impacting Air Traffic

Saturday, February 22, 2020

 

The Coronavirus is also impacting the global airline industry’s bottom line. The International Air Transport Authority warns that airlines could lose more than $29 billion, with Asian carriers bearing the worst of it due to the Coronavirus. The outbreak will likely reduce air traffic by 4.7%.

 

This will mark as the first overall decline in demand in more than a decade. The virus has killed more than 2,000 people - most of those deaths occurred in mainland China. Because of that, dozens of airlines have canceled or reduced services to the country.

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