The sheer scale of the disruption to global travel and trade from the coronavirus outbreak was reinforced on Friday when the international body overseeing 290 airlines revealed those operating in the Asia-Pacific region would suffer a combined $42 billion hit to revenues this year.
The impact on ASX-listed stocks is centred squarely on the travel and tourism industries, as a temporary ban on the 1.4 million tourists who travel from China to Australia annually continues.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com
