Coronavirus, Airlines, Global Airline Revenue, Coronavirus Flight Cancellations, Wuhan, China Virus, U.N. Agency, Oag, China Gdp, First Quarter Revenue, Coronavirus Economic Impact, Japan, Thailand, China, Chinese Airlines, Airline Travel Bans

Coronavirus, Airlines

Coronavirus Will Lower Global Airline Revenue By Up To $5 Billion In The First Quarter: Report

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.

15.2.2020

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

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.

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. Geovien So/SOPA Images/LightRocket via Getty Images Topline: 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 from the U.N.’s International Civil Aviation Organization (ICAO). In 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. ICAO reports that while 50 airlines have significantly cut back operations, 70 others have fully cancelled all international flights to and from mainland China, resulting in an 80% reduction of foreign airline capacity for travelers to and from China, as well as a 40% capacity reduction by Chinese airlines. The estimated $4 billion to $5 billion hit to global airline revenues comes from around a 40% overall reduction 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. Out of all the countries facing steep declines in airline travel, Japan has , 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. ICAO’s for the first quarter of 2020 sees Japan losing $1.29 billion in tourism revenue due to the drop in Chinese travelers, while another neighboring country that’s been affected, Thailand, could lose $1.15 billion. Crucial statistics: Flights coming in and out of China accounted for around 5.2% of all international flight capacity a month ago. Earlier this week, that number to 1.8%, according to OAG’s data. What to watch for: When the aviation industry finally rebounds. While global airlines have taken a big hit from the coronavirus, OAG points out that capacity and demand the peak of an emergency, drawing from previous epidemics like SARS and Ebola as an example. Key background: 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 Read more: Forbes

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Interest in private jets surges as coronavirus keeps airlines away from ChinaA drop in airline flights from China and Hong Kong due to the coronavirus is inc... :| Breeze_CA I can see that they will be trying to circumvent the quarantine.

Factbox: Airlines suspend China flights due to coronavirus outbreak Airlines are suspending flights to China in the wake of the new coronavirus outb... Bout time. Vai ser lindo isto vai... l

Coronavirus deaths, cases leap in China, suggesting much bigger crisisCoronavirus deaths, cases leap in China suggesting much bigger crisis by winnnni dpattonbeijing Follow our liveblog for the latest developments around the new coronavirus outbreak: winnnni dpattonbeijing I don’t believe a word China is telling us .... It’s bad. Real bad winnnni dpattonbeijing Has the infection rate gone up to keep the fatality rate constant? How can we trust people who control information? winnnni dpattonbeijing The problem is. They now start tot check lungs that's cheaper then using a testkit. Because only waiting for symptoms before using a testkit is not enough. And they have damaged lungs. COPD the rest of their LIFE. How much fun is that

Coronavirus death toll leaps in China's Hubei provinceThe Chinese province at the epicenter of the coronavirus outbreak reported a rec... And it is still a long time till April Chinese local officials delayed. R, There are reports by 2021 70% of the globe will be infected

Confirmed COVID-19 cases reach nearly 60,000 in ChinaLATEST: Confirmed cases of coronvirus, now named COVID-19, reach nearly 60,000 in China . I don't know why they named it after a Mexican beer in the first place. How many deads It’s higher than that...you can see thermal imaging maps that show the province of Wuhan glowing red because of all the cremations.

Singapore's biggest daily jump in new coronavirus cases takes tally to 58Singapore on Thursday reported its biggest daily jump in coronavirus cases, with... Maybe everyone should use that for a few weeks... I thought people can have coronavirus and not have symptoms....this doesn’t seem like a good idea to only wear if you are sick or just over being sick. I’d be wearing that thing anytime I’m around others. Screw the risk. Nooooo thanks. Yes because many China workers plus more arriving back wonder how many more cases in the days to come. Pretty terrifying.



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