Coronavirus Outbreak Might Dampen APAC Airlines’ Growth | Aviation International News

Coronavirus Outbreak Might Dampen APAC Airlines’ Growth

Without considering the likely impact of the coronavirus, the profitability of Asia-Pacific airlines remains well below counterparts in North

By Cathy Buyck • Contributor - Europe

January 27, 2020

Will 2020 and the outbreak of the novel coronavirus (2019-nCoV) bring a repeat of 2003 when the SARS pandemic resulted in Asia-Pacific airlines losing $6 billion of revenue? At the height of that outbreak, in May 2003, revenue passenger kilometres (RPKs) of Asia-Pacific operators were a staggering 35 percent lower than their pre-crisis levels because the loss of confidence and fears of global spread impacted both business and leisure travel to, from and within the region, data of the International Air Transport Association (IATA) show. On an annual basis, passenger traffic fell 8 percent.

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