Qantas Axes Flights Across Asia as Virus Scares Off Flyers
- Capacity reduction in place until at least the end of May
- Virus could cut Qantas’s annual profit up to A$150 million
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Qantas Airways Ltd. is slashing flights in Asia and freezing recruitment in response to falling demand as the coronavirus scares travelers across the region.
Capacity reductions of 15%, which will be in place until at least the end of May, affect services to China, Hong Kong, Singapore, Japan and Thailand, the Australian airline said in a statement Thursday. Flights to New Zealand will also be cut by 5%.