The new virus is taking a broader toll on airline travel
February 26, 2020, 6:17 PM
2 min read
Delta Air Lines said Wednesday it will reduce flights to South Korea as concern rises about the spread of the new virus beyond China.
Delta said it will suspend flights between Seoul and Minneapolis after Saturday and running through April 30. Delta also said it will reduce flights from Seoul to Atlanta, Detroit and Seattle to five times a week. The airline said last fall that it was operating about 28 flights per week on those routes.
The Atlanta-based airline, the world’s largest by revenue, will also delay the start of new flights between Seoul’s Incheon Airport and Manila. Instead of beginning March 29, the launch has been pushed back to May 1.
Delta, United Airlines and American Airlines have already suspended all flights to and from mainland China and Hong Kong. United said this week that demand for service to China had disappeared, and that March bookings for flights elsewhere in the Asia-Pacific region had plummeted 75% since the outbreak.
The number of new cases of the COVID-19 virus reported Tuesday was greater outside China than inside China for the first time, according to the World Health Organization. South Korea has reported more than 1,200 cases and 11 deaths.
Shares in the U.S. airlines that fly to Asia have been hammered — they have been among the biggest losers during this week's stock market downturn.
While the broader market turned higher Wednesday, shares of Delta Air Lines Inc. were down about 1%. American Airlines Group Inc.'s stock was down about 2% — hitting its lowest level since late 2013, when the airline’s predecessor parent company was under bankruptcy protection. United Airlines Holdings Inc. fell 4%.
Fear about the virus’ impact on travel is also hitting cruise lines hard. The three biggest losers in the Standard & Poor’s 500 index as of midday were Norwegian Cruise Line Holdings Ltd., Royal Caribbean Cruises Ltd., and online travel agency Expedia Group Inc.
