Major country markets such as Indonesia, Singapore, Hong Kong (SAR) China and the United States have all seen dramatic reductions in capacity.
ICAO forecast a decline in global traffic of 16.4 million passengers, the hotel industry could end up having to deal with the virus impact for the next 12 months.
The total number of confirmed infections rises to 13 in the United States.
Carriers with weaker business models or liquidity profiles are likely to be hit harder and take longer to recover.
With the aviation industry intrinsically more connected globally today, air travel is less likely to remain as resilient.
As of January 31st, domestic and international air travel demand is down 40% from 2019 to 2020.
At least 61 people onboard a cruise ship off Japan have tested positive for the coronavirus; Hong Kong Airlines will cut 10% of its workforce.
China Southern Airlines, Hainan Airlines, and a host of smaller carriers are on the list.
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