What do you think? Is this Corona Virus going to impact earnings for airlines?
1 reply
no impact but...
3:27 pm Canceled China flights top 85,000
Airlines have canceled more than 85,000 China flights because of outbreak, according to aviation consulting firm Cirium. That count is set to rise in the coming weeks as more than a dozen international airlines have sc-apped or reduced China service altogether. The cancellations, logged between Jan. 23 through Feb. 11, account for more than a third of scheduled flights, to, from and within China, Cirium said. Close to 20% of international flights to and from China, or 9,239 trips were cancelled, and 37%, or 76,338 flights were canceled. The impact will likely dent airlines' first-quarter results as they process refunds to customers booked on those routes. Between Jan. 29 and Feb. 4, refunds were up 1,140% for U.S-to-China travel, and up 731% for U.S.-bound travel from China, according to the Airlines Reporting Corporation, which processes airline tickets.