Business News of Wednesday, 29 January 2020Source: businessinsider.co.zaAirlines cutting flights to China as coronavirus spreadsAirlines are cutting flights to China as the coronavirus spreadsAirlines are cutting flights to China as the coronavirus spreads. Ken Herbert, an analyst at financial-services firm Canaccord, said in a research note that although it's "very early into the current coronavirus outbreak," several other outbreaks in recent years provide a framework that can be applied to the current situation. The note mentioned that although the current outbreak appears to be spreading faster than those past viruses, it has been less deadly so far. The brunt of the impact is expected to be borne by Chinese airlines that service Wuhan, the epicenter of the outbreak - particularly those like China Southern, China Eastern, and Air China. For instance, United Airlines announced on Tuesday that it would cancel 24 flights to and from China in early February, as customer demand has plummeted due to the coronavirus outbreak.

Source: GhanaWeb January 29, 2020 12:33 UTC