Coronavirus Impacting Air Traffic

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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