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Asian airlines flock to cargo for reprieve from coronavirus havoc

Radical cuts in passenger flights lift freight business, but earning outlook dim

TOKYO -- Demand for cargo services is serving as a lifeline for airlines across Asia amid the coronaovirus outbreak even as pressure on core passenger operations pushes others, like Australia's Virgin Airlines, into dire straits.

Virgin Australia Holdings announced it was entering voluntary administration on Tuesday, though it would continue operating both domestic and international flights for the time being.

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