Airline stocks tumble as the coronavirus spreads outside of China

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Airline stocks fell more than the broader market on concerns about the spread of the coronavirus in South Korea and Italy.

More than 200,000 flights to, from and within China have already been cancelled because of the virus, according to aviation consulting firm Cirium, and more disruptions are possible if the virus continues to spread.fall for the first time since 2009

and cost airlines some $29 billion — mostly in the Asia-Pacific region — in revenue, the International Air Transport Association warned last week. All U.S. carriers have already suspended service to mainland China and Hong Kong because of the outbreak of COVID-19. New cases in South Korea, Iran, and Italy have added to concerns about the rapid spread of the virus, as airlines look ahead to the busy travel periods in the second and third quarters.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

China lied to us about the CORONA VIRUS - now nobody beleives the numbers and conspiracies are everywhere. FIX THIS CHINA !

Ireland Ireland Latest News, Ireland Ireland Headlines