SARS cost global airlines $7 billion. The coronavirus outbreak will likely be much worse

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SARS cost global airlines $7 billion. The coronavirus outbreak will likely be much worse
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The global airline industry is facing huge financial losses as a growing number of carriers cancel flights to China because of the coronavirus outbreak. The hit will very likely be worse than the damage wrought by the 2003 SARS epidemic.

Hong Kong

The outbreak of the disease has already killed 492 people worldwide, mostly in China, and infected more than 24,500 people across 25 countries.In response, more than a dozen major airlines have canceled flights to and from mainland China. Several countries have also banned entry to foreigners who have traveled to China, while others have told their citizens not to travel there, or to leave if they can.

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