Seattle hit as coronavirus wallops US, global airlines with $5B impact

Andrew McIntosh
Seattle hit as coronavirus wallops US, global airlines with $5B impact

North American and other passenger airlines have lost between $4 billion and $5 billion because of the Wuhan coronavirus outbreak and the bills keep mounting, the world's civil aviation agency says. In an early estimate of the economic impact on the air transport sector, the International Civil Aviation Organization (ICAO) noted that passenger airlines had planned to increase passenger capacity on routes to and from China by 9 percent year over year in the first quarter. Instead, ICAO said the airlines have slashed overall passenger capacity between 39 and 41 percent since the outbreak began.