The recovery has already begun on domestic routes with capacity rose from 4.2m seats per week in late February to 8.6m now.
The group said most of its overseas subsidiaries had enough cashflows to cope with the impact over the short term.
The restrictions come into force from 12.01 am Wednesday, March 25 and will be in effect for 14 days.
Agarwal’s comments come as a rise in imported coronavirus cases and the lifting of restrictions on movement in some cities in China.
The online travel company co-invested by Trip.com Group and Tencent reported over 205 million monthly active users; Hong Kong expects to see “zero visitors” for months.
Only 190,000 visitors traveled to Hong Kong last month, equivalent to the daily number of inbound tourists during peak seasons.
The company expects net revenue to decrease by approximately 42% to 47% in Q1 due to coronavirus.
The total number of searches for flights to China is currently 55% of the volume of searches seen the week of January 5th, up from a low of 34% in mid-February.
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