Global travel industry in agony as airlines cut flights, coronavirus grows
The fallout from the coronavirus spread across the Pacific on Friday, with travel companies in Australia and New Zealand issuing profit warnings as US airlines rushed to cut flights to Europe in the wake of new US travel restrictions.
US travel curbs on much of continental Europe announced by President Donald Trump on Wednesday evening deepened the sector’s misery that began after the virus emerged in China late last year and reduced traffic.
United Airlines Holdings Inc warned of US travel disruption as the virus spreads domestically and major tourist attractions like Walt Disney Co’s theme parks in California and Florida said they would close.
