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SINGAPORE: Singapore Airlines Ltd’s shares fell to their lowest price in more than 21 years after the carrier posted its biggest quarterly loss ever as the coronavirus wiped out travel demand.
Covid-19 has forced them to cut capital spending, delay projects, cut production and increase debt
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.
PETALING JAYA: Ports and logistics companies in Malaysia will feel the impact of the Covid-19 coronavirus should the effects of quarantine measures by China’s government prolong longer than expected.
SINGAPORE (Reuters) - Singapore Airlines Ltd faces "significant challenges" to its business from the coronavirus outbreak will be adjusting its network and tightly managing costs, it said on Friday, as it reported an 11% rise in third-quarter net profit.
PETALING JAYA: AirAsia Group Bhd is moving from the traditional model of owning aircraft to become an asset-light airline.