China’s rise to the world’s second-busiest aviation market has left airlines badly exposed to major disruption there
HONG KONG—Airlines around the world are counting the cost of the coronavirus that has led to thousands of China flights being canceled, with several Asian airlines teetering on the brink of ruin if the nation’s shutdown persists.
Many carriers have taken emergency measures in hope of offsetting expected losses resulting from the continuing slump in global traffic. In Hong Kong, Cathay Pacific Airways Ltd.—already feeling the impact of the city’s antigovernment protests—has asked all its staff to take three weeks’ unpaid leave,...
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kongers set up face mask factory amid coronavirus panic buyingResponding to shortages of face masks amid a frightening coronavirus epidemic sp...
Read more »
Coronavirus Outbreak Could Cost Airlines $30 BillionThe coronavirus could cause demand for global air travel to fall for the first time in since the global financial crisis, according to IATA, the global airline trade group.
Read more »
So much for the techlash?Apple, China and the coronavirus • Frankfurt’s feuding central banks • Duterte’s enduring popularity • Trudeau’s gas-pipe problem
Read more »
Feds' plan to relocate coronavirus patients puts region at risk, California city saysOfficials in Costa Mesa, California, and Anniston, Alabama, said they were kept in the dark about plans to transfer patients to their communities.
Read more »
Coronavirus, Global Aging & How Future Contagions May Affect Your Life In RetirementThe Novel Coronavirus, and other contagions, are on a collision course with global aging. That collision poses a looming public health infrastructure crisis and introduces a constant news cycle of fear – fear that impacts the wellbeing of retirees and adds a new volatility to financial markets.
Read more »
Scientists debunk coronavirus conspiracy, say it 'threatens to undermine' global efforts to stop itOver two dozen scientists worldwide have posted an open letter disputing the conspiracy theories that suggest the new coronavirus was engineered as a bioweapon in a lab near Wuhan.
Read more »