14 February 2020, Friday 09:45:57

Airlines lose $652 million coronavirus

As the coronavirus outbreak continues to ravage mainland China with spread across the globe, losses of the air transport industry has been estimated to reach $652 million already.

As the coronavirus outbreak continues to ravage mainland China with spread across the globe, losses of the air transport industry has been estimated to reach $652 million already.

The loss, according to OAG Aviation worldwide, was on account of cancelled flights, route withdrawals and shutdowns by airlines to prevent the spread of the deadly disease.

John Grant, an analyst at OAG Aviation Worldwide, said the coronavirus outbreak has already cut 1.4 million seats from China’s weekly international capacity and that it has cost airlines servicing the region $652 million in lost revenue.

Airlines lose $652 million coronavirus

Facebook Comments

Comments

No comment found. Tell us what you think.

Submit Comment

Remaining 1000