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."
