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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

Fiona Lam

Published Thu, Jan 30, 2020 · 09:50 PM

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.