- Airlines and passengers are on guard against a new flu-like virus that originated in Wuhan, China.
During the height of the SARS outbreak in April 2003, passenger demand in Asia plunged 45%, according to the International Air Transport Association . Since 2003, the number of annual air passengers has more than doubled, with China growing to become the world’s largest outbound travel market. “Whether only one secondary market, an entire country or the wider region is impacted is obviously unpredictable and outside of the industry’s control,” said Brendan Sobie, an independent aviation analyst in Singapore.Many airlines, including Korean Air Lines, Singapore Airlines’ budget carrier Scoot, Taiwan’s China Airlines Ltd and Japan’s ANA, announced they were cancelling flights in and out of Wuhan after authorities announced a lockdown.
Wuhan’s Tianhe airport serves around 2% of China’s total air traffic and mainly serves domestic routes. Broker Jefferies estimated 88.8% of overall flights are domestic, with China Southern Airlines Co Ltd holding the largest market share at 30%.Hanatour Service Inc, South Korea’s largest travel agency, said that cancellations of trips to China increased about 20% this week compared to same period last year.
Everyone should wear space suits.
I thought this was going to be an article about safety precautions, not revenue, haha...
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WHO says will decide on Thursday if China virus is a global health emergencyThe World Health Organization (WHO) said it will decide on Thursday whether to d... WHO's on first? Who's on first... China the country is a global threat. They literally have death camps.
Source: Reuters - 🏆 2. / 97 Read more »
China's Wuhan shuts down transport as global alarm mounts over virus spreadChina's Wuhan, the city believed to be the source of the coronavirus outbreak, is closing its transportation networks and advising citizens not to leave the city, state media reported Hoping people in Wuhan be safe🙏🙏🙏
Source: Reuters - 🏆 2. / 97 Read more »
Global Stock Markets Fall Amid Growing Fears Over Deadly China VirusGlobal stocks were down today, with Asian markets posting the biggest drops, amid growing fears over deadly China virus by skleb1234
Source: Forbes - 🏆 394. / 53 Read more »
Netflix Adds 8.8 Million Global Subscribers In Q4, Topping EstimatesNetflix racked up 8.76 million global paid subscribers last quarter — hitting 167.1 million — beating expectations overall but still soft on U.S. additions. Earnings in the fourth quarter popped an…
Source: DEADLINE - 🏆 109. / 63 Read more »
‘Game of Thrones’ Sweeps Parrot Analytics’ 2nd Global TV Demand AwardsMIAMI — “I must check it out. I’ve been hearing a lot about the show,” host Carson Kressley (“Queer Eye”) joked at Parrot Analytics’ 2nd Global TV Demand Awards as “Game of Thrones” swept tw… Hi
Source: Variety - 🏆 108. / 63 Read more »
Global democracy has another bad yearThe latest Democracy Index from TheEIU has fallen to the lowest average since it began TheEIU Great. The Australian-New Zealand-Scandinavian-Ireland-Canada World order is going to be AMAZING (and possibly very drunk.) TheEIU when every party is right wing,,its equals no democracy..most western countries lack real left alternative.. TheEIU No surprises here, unfortunately.
Source: TheEconomist - 🏆 6. / 92 Read more »