Airline industry: Airlines are getting walloped by the coronavirus - Jordan Weissmann

Southwest said on Thursday that it expected to lose between $200 million and $300 million in ticket sales, thanks to the outbreak. “In recent days, the company has experienced a significant decline in customer demand, as well as an increase in trip cancellations,” it explained in a regulatory filing. Meanwhile, United and JetBlue are planning to cut back on flights to reduce losses, and an industry group—the International Air Transport Association—is now predicting that, globally, carriers will lose between $63 billion and $113 billion in passenger revenue this year.

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