The longer-lasting effect on Asia’s aviation industry.
Depending on how long the Wuhan coronavirus outbreak lasts, the damage to Asia’s aviation industry will be significant.
The 2003 SARS outbreak, which also began in China, is estimated to have cost airlines around the world more than $7 billion. Of this $7 billion, the IATA estimated that $6 billion was lost by airlines in the Asia Pacific region.
Where SARS killed a total of 774 people, the Wuhan coronavirus has already killed 910. Not only has it killed more people than SARS, but it has also done so in a shorter period of time.