Coronavirus hits airlines and travel industry - HARD!
Date: 27 FEB 20
What started as a virus isolated to the Wuhan district of China has now spread at an alarming pace across the world.
The virus has now appeared in over 50 countries in the last 7 days including Iran, UAE, Israel, Afghanistan, Greece, Denmark, Austria, Pakistan, Norway, Spain, Brazil, Switzerland, and Italy.
The Italian outbreak has seen schools in the UK close after children on half term skiing trips had visited the region. Further outbreaks in Tenerife and Japan have consolidated the hysteria with holidaymakers being isolated to their hotel rooms.
The knock-on effect has been that flights in and out of China, Hong Kong and the canary islands have been cancelled leaving travel plans in tatters. Screening on all international travellers continues as Italy, the largest European country hit so far, has caused some delays to passengers arriving from the UK during what is a busy time of year for the ski industry.
Easyjet has seen its value drop on the stock market and the impact on the travel industry are being felt with high volumes of concerned travellers cancelling their plans and asking for refunds.
At the moment British Airways is offering refunds or alternative flights to affected passengers but as travel to mainland China has been advised against by the FCO compensation will not be paid in line with EU rules.
Specialist Ski companies have seen an uprise in cancellations and have slashed their prices by 50% in some cases making it an ideal time to pick up a bargain for the braver amongst us.
FlyBe has today gone into administration leaving customers stranded. The company which earlier this year asked for government assistance with its debts has folded with its regional routes up for grabs. The company has blamed the coronavirus outbreak for a lack of demand but we feel that the writing has been on the wall for some time for FlyBe. LoganAir as well as few other airlines have already shown interest in buying the stricken airlines routes.