ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Asian airlines feel pain of coronavirus on top of price war

ANA latest to report plunge in China flight bookings

An ANA plane chartered by the Japanese government, carrying evacuated Japanese nationals from Wuhan, arrives at Tokyo's Haneda Airport on Jan. 30. (Photo by Kai Fujii)

TOKYO/SINGAPORE -- Asian airlines, already fighting stiff competition, now face more turbulence as the spreading coronavirus triggers fears of a repeat of the SARS-induced industry slump of 2003.

Singapore Airlines on Friday said it will reduce capacity on services to seven Chinese cities, including Beijing and Shanghai. CEO Goh Ghoon Phong, who was in Tokyo, declined to elaborate but stressed that "issues and situations that will influence the travel market on a more temporary basis [are] not going to be a key concern."

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more