SINGAPORE: Asian airlines warned of “drastic” cuts in 2020 growth plans because of the coronavirus crisis, adding gloom to an already depleted Singapore Airshow as more firms dropped out.
But few deals are expected at the Feb 11-16 Singapore event, where the epidemic has triggered new safety measures and cast a shadow over airline profits and demand for airplanes. “All bets are off in terms of traffic forecasts for this year,” Andrew Herdman, the director general of the Association for Asia Pacific Airlines, said in an interview.
“One of the lessons from SARS was that traffic was affected but also that it rebounded in 6-8 months,” Randy Tinseth, vice-president of marketing at Boeing Commercial Airplanes, said.“I am hopeful that we will see the coronavirus peak in the next 2-3 weeks and then taper off, but until we do on the passenger travel side the impact is profound and immediate,” commercial aviation head John Slattery said.
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