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Airlines’ shares plunges as coronavirus spreads

5 mins read

The FINANCIAL — Shares of airlines and travel companies around the world plunged Monday due to fears about the spread of the coronavirus. The International Air Transport Association warned last week that the virus would inflict a $1bn hit on airline industry’s revenues. Korean Air cabin crew worker tests positive for coronavirus. EasyJet dropped 16.4 per cent and Ryanair 13.5 per cent as airlines were forced to reassess the fallout from the rapid spread of the Covid-19 virus across Asia and beyond, with South Korea, Italy and Iran now struggling to contain outbreaks. Although airlines have yet to suspend any…

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Airlines’ shares plunges as coronavirus spreads

5 mins read

The FINANCIAL — Shares of airlines and travel companies around the world plunged Monday due to fears about the spread of the coronavirus. The International Air Transport Association warned last week that the virus would inflict a $1bn hit on airline industry’s revenues. Korean Air cabin crew worker tests positive for coronavirus. EasyJet dropped 16.4…