By Jamie Freed and Tracy Rucinski
By Jamie Freed and Tracy Rucinski
SYDNEY/CHICAGO March 13 (Reuters) – The fallout from the coronavirus unfold throughout the Pacific on Friday, with journey corporations in Australia and New Zealand issuing revenue warnings as U.S. airways rushed to chop flights to Europe within the wake of recent U.S. journey restrictions.
U.S. journey curbs on a lot of continental Europe introduced by President Donald Trump on Wednesday night deepened the sector’s distress that started after the virus emerged in China late final yr and decreased visitors.
United Airways Holdings Inc UAL.O warned of U.S. journey disruption because the virus spreads domestically and main vacationer points of interest like Walt Disney Co’s DIS.N theme parks in California and Florida mentioned they might shut.
A number of Latin American international locations stepped up measures to sluggish the unfold of the coronavirus, halting flights to and from Europe. Greater than $825 million was wiped off the worth of listed Indian airways on Thursday after the federal government mentioned it was proscribing go to visas.
…