American Airlines shares plunged 9.2 per cent to a six-year low on Tuesday as coronavirus caused another painful day for airlines.
Global airline stocks plunged on Monday as coronavirus accelerated its spread around Italy, where the virus has infected 220 and killed seven.
Coronavirus has caused China’s share of the global aviation market to slump from third to 25th, new analysis by travel data provider Official Aviation Guide has revealed.
Singapore Airlines said on Monday that it is ‘rationalising’ services between Singapore and China with a series of additional flight suspensions announced. The decision comes amid the continuing impact of Coronavirus on travel to Mainland China.
The Singapore Air Show kicked off today in the city-state, despite growing Coronavirus health concerns sweeping the globe.