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Virus makes Olympics difficult; Air France sees €200M impact - Daily Brief

Virus makes Olympics difficult; Air France sees €200M impact - Daily Brief

Air France-KLM warned of a €150-million to €200-million hit to earnings by April; Asia Pacific airlines could lose $27.8 billion due to outbreak.

02/21/2020|12:54:32 AM|ChinaTravelNews
Expedia freezes China listings; ITB China 2020 postponed - Weekly Review

Expedia freezes China listings; ITB China 2020 postponed - Weekly Review

China may see losses of USD 430 billion by the coronavirus disruption on travel for 2020; It plans cash injections and mergers to bail out aviation.

02/20/2020|10:08:28 PM|ChinaTravelNews
European airlines lead a la carte revenue estimate at $31.5 billion

European airlines lead a la carte revenue estimate at $31.5 billion

The global airline industry earned US$75.6 billion from the sale of ‘a la carte’ ancillary services in 2019.

02/20/2020|4:57:44 PM|IdeaWorksCompany
China plans to take over HNA Group and sell its airline assets

China plans to take over HNA Group and sell its airline assets

The government of Hainan is in talks to take control of the conglomerate.

02/20/2020|10:33:26 AM|CNBC
China considers airlines bailout; OYO fights to keep hotels open - Daily Brief

China considers airlines bailout; OYO fights to keep hotels open - Daily Brief

Malaysia looks to locals and non-Chinese visitors in fulfilling tourist-arrivals target; China plans to take over indebted conglomerate HNA Group and sell off its core airline assets.

02/19/2020|12:07:04 AM|ChinaTravelNews
Foreign pilots at Chinese airlines return home on unpaid leave

Foreign pilots at Chinese airlines return home on unpaid leave

Major employers of foreign pilots, including China Southern and Hainan Airlines, have acted swiftly to cut their losses.

02/19/2020|3:51:58 PM|Nasdaq
Cathay Pacific issues profit warning after coronavirus hits service

Cathay Pacific issues profit warning after coronavirus hits service

Cathay had cut 30% of flights before Monday’s announcement.

02/18/2020|5:37:03 PM|The Guardian
Virus dents bookings for IHG; Japan may lose $1.29 billion - Daily Brief

Virus dents bookings for IHG; Japan may lose $1.29 billion - Daily Brief

Even if the coronavirus outbreak ends quickly, the disruption in the supply chain will affect trade, tourism and confidence.

02/18/2020|5:22:24 PM|ChinaTravelNews
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