Airlines face steep drop in earnings from virus spread, but will bounce back: reports
During 2003 Sars crisis, monthly international passenger traffic returned to pre-outbreak levels within nine months
Singapore
MUCH like during the Sars (severe acute respiratory syndrome) outbreak in 2003, airlines now face risks from the global spread of the Wuhan coronavirus, S&P Global Ratings said in a report on Thursday.
However, the International Air Transport Association (Iata) noted in a separate report that the industry has proven resilient to shocks in the past, and thus any impact will not be long-drawn.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Ferrari posts underwhelming earnings amid flat deliveries
Tesla’s China-made EV sales fall 18% y/y in April
Brokers’ take: SAC Research initiates ‘buy’ on Soilbuild with S$0.04 target
Scoot begins flights with Embraer E190-E2 jet
VinFast’s EV ambitions get a reality check as shares plunge 65%
Boeing probed in US over possible falsified records on 787