US airlines, hotels extend rebooking options as coronavirus spreads

So far US airlines have only canceled flights to China, a move that followed the US State Department’s decision to elevate a travel advisory to the country to the same level as Afghanistan and Iraq.

American Airlines shares dropped 9.3% to $23.12 on Tuesday, below their price after the company emerged from Chapter 11 bankruptcy in 2013. Cowen analyst Helane Becker said the impacts extended to car rental companies as well as concessions and restaurants in airports and on cruise lines. “It’s not just the airlines that are being impacted by people making different travel plans,” she said.

Royal Caribbean Cruises said it has canceled 30 sailings in Southeast Asia and changed several itineraries in the region due to the coronavirus outbreak, hitting its 2020 earnings per share by about $0.90.

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