Mapping the impact of coronavirus to the aviation industry
As the coronavirus COVID-19 is yet to reach the peak, airlines around the world have been forced to cancel their flights to mainland China and other countries, including Iran and Italy. Carriers, forced to adjust their flight schedules, have also adjusted their financial outlooks: while some have dropped their full-year earnings predictions, others were more direct when reporting their earnings.
Whatever the case might be, the virus outbreak that originated in Wuhan, China, has affected airlines all around the world. Due to obvious reasons, airlines in the Asia-Pacific are currently feeling the most pain. However, as the industry is more connected to China than ever, carriers in all parts of the world have assessed the impact of COVID-19.
Despite that regularly scheduled flights were canceled, various governments around the world scrambled for aircraft to rescue their citizens from China. Some of the largest aircraft visited the region, including the Airbus A380 and the Boeing 747.
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