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Opinion

Asian airlines need government support now as situation spirals

Cathay, Singapore and Korean have all slashed capacity as travel bans take effect

| China
A Cathay Pacific Boeing 777-300ER plane taxis at O'Hare International Airport in Chicago: the company concluded sale and lease-back transactions on six of its Boeing aircraft.   © Reuters

The coronavirus has been a human tragedy and is now also an economic disaster, and airlines have been among the worst hit industries.

Initially, the main concern for Asian airlines was their exposure to China-based traffic, but this turned into a regional issue as more countries enacted border barriers. The latest U.S. and European restrictions have decreased traffic even more.

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