Finance, Taxes, Insurance
ICAO Says Coronavirus Is Hitting Air Transport Harder Than SARS
ICAO says that airline capacity in and out of China during the first quarter of 2020 is set to be between 39 and 41 percent down on the same period in 2019

Around 70 airlines have now cancelled all international flights to and from mainland China, according to new data released by the International Civil Aviation Organization (ICAO) as part of a preliminary forecast on the expected economic impact of the coronavirus outbreak. In a statement issued late on February 13, the agency said that it now expects the airline industry to take a bigger hit from this outbreak than it did from the SARS epidemic in 2003.