From New Zealand to the Middle-East, Air carriers from across the world are suspending China flights. CoVid 19 (Corona Virus Disease 2019) is perhaps the worst crisis since 9/11.
As unfortunate as it is, the Coronavirus (CoV) outbreak is also bad-news for multiple industries. And, the airline and aviation industry is at the forefront, especially the Asia-Pacific region.
So, let’s take a brief look at how coronavirus has hit the airlines and flight ticket-booking Industry.
The stocks of the big three of the US Airline industry, i.e., American Airlines, Delta, and United, are facing a downward trend. American Airlines is hit the hardest, as its stock closes at an all-time low.
Not just the USA skies, but international airlines like Lufthansa are facing the same problem. The stocks dropped by 3% for the German airline. It is much lower than American Airlines’ stock which dipped by 9%. Air France, on the other hand, experienced a 4% cut.
However, things may get worse for the European carriers in light of the spread of CoV in Italy and other regions of the continent.
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