Coronavirus outbreak forces more airlines around the globe to ground flights

Fox Business | 1/30/2020 | Staff
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BANGKOK - €? - British - Airways - Flights

BANGKOK — British Airways halted all flights to China and American Airlines suspended Los Angeles flights to and from Shanghai and Beijing as efforts to contain a new virus intensifies.

The coronavirus has now infected more people in China than were sickened in the country by the SARS outbreak in 2002-2003. The number of confirmed cases jumped to 7,711, surpassing the 5,327 in mainland China from SARS. The virus has killed 170 people.

US - Carriers - Wednesday - Carriers - Service

The British and U.S. carriers on Wednesday joined several Asian carriers that are either suspending or significantly cutting back service there as fears spread about the coronavirus.

Air India and South Korean budget carrier Seoul Air are also halting all flights to the country, and Indonesia’s Lion Air plans to do the same. Other carriers including Finnair, Hong Kong-based Cathay Pacific, and Singapore-based Jetstar Asia are slashing service.

Travel - Move - Concerns - Impact - Virus

Beyond disrupting travel, the move is heightening concerns about the broader economic impact of the virus outbreak. Hotels, airlines, casinos and cruise operators are among the industries suffering the most immediate repercussions, especially in countries close to China. The crisis has also begun to ripple through U.S. companies with operations in China.

In a conference call Tuesday, Apple CEO Tim Cook said the company's suppliers in China have been forced to delay reopening factories that closed for the Lunar New Year holiday until Feb. 10.

Isaac - Larian - CEO - MGA - Entertainment

Isaac Larian, CEO of MGA Entertainment, the maker of the popular LOL dolls, said he's nervous that many workers won't come back to factories and they may close.

"I'm very concerned about all consumer goods and retail business in 2020," Larian said.

Starbucks - Shares - % - Wednesday - Company

Starbucks’ shares tumbled 2.5% Wednesday after the company said it will...
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