Airlines see big drop in business

Airlines are restrategising in terms of their capacities and are also embarking on cost-cutting measures, at least until there are more clarity of the virus outbreak coming under control.

PETALING JAYA: The aviation sector is among the worse hit in terms of business from the outbreak of the novel coronavirus (2019-nCoV) and this has forced airlines to seek ways to cushion the blows.

Airlines are restrategising in terms of their capacities and are also embarking on cost-cutting measures, at least until there are more clarity of the virus outbreak coming under control. And at least for the shorter term, they do not have to take too drastic measures with the lower Brent crude oil prices, which are currently trading below US$60 per barrel, coming in to offset some of the impact.