The coronavirus outbreak could hurt global air travel more than the SARS outbreak did in 2003 as flights to, from and within China now make up a significantly larger portion of aircraft capacity than they did in the early aughts thanks to a boom in business and tourism travel.
That’s about six times larger than the volume of air passengers travelling to, from and within China when the SARS outbreak hit in May 2003, according to Citi’s report. That month, air traffic fell 20 per cent year over year and capacity fell about 12 per cent. Exposure for airlines could be larger than the SARS outbreak since coronavirus is spreading more rapidly, although its mortality rate is lower thus far, analysts noted. Plus, the disruption occurred during Chinese New Year, one of the busiest travel seasons.
Are seniors the ones flying more often than anyone else? Gosh knows this virus gets in Canada our population stands to lose about 15 million people.
It should. A global pandemic would be good for the climate in fact