Travel industry under siege as coronavirus contagion grows


FILE PHOTO: Airplanes of German airline Lufthansa and U.S. carrier United Airlines land and take off at Frankfurt Airport, Germany March 2, 2020. REUTERS/Kai Pfaffenbach/File Photo

SYDNEY/CHICAGO: The fallout from the coronavirus spread across the Pacific on Friday, with Australian travel firms issuing profit warnings and Japanese carriers cutting capacity while U.S. airlines rushed to cut flights to Europe in the wake of new travel restrictions.

U.S. travel curbs on much of continental Europe announced by President Donald Trump on Wednesday evening deepened the sector's misery that began after the virus emerged in China late last year and reduced traffic.

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