Behind the COVID-19 travel rout

With global markets tumbling as companies scramble to respond to the COVID-19 pandemic, major airlines, large travel agents and airports are feeling the pain.

Planes are empty, traffic through airports is sliding significantly, and travel agents are feeling the pain of low travel demand too. Bloomberg

Lucas Baird, Liam Walsh and Jenny Wiggins

Mar 16, 2020 – 5.36pm

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The Waterbar & Grill Steakhouse is an elegant Cairns restaurant overlooking a marina, where the fare includes $38 wild barramundi and a $44 lazy aged rump.

Typically, foreign and local tourists would make up almost half of its clientele. Yet according to general manager Peter Crotty, the coronavirus pandemic has squeezed the market.

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Lucas BairdReporterLucas Baird is a journalist based in The Australian Financial Review's Sydney office.

Liam WalshReporterLiam 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.