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Coronavirus

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."

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