Just looking at the travel and transportation industry:
Expedia Group is expecting a $30M-$40M hit to the first quarter earnings alone. They are, for that reason, not projecting what the full impact might be to their bottom line in 2020.
Then there is the airline industry. North American and other passenger airlines have already lost $4B-$5B because of the Wuhan coronavirus outbreak, and bills are mounting. Planes to China are flying with a fraction of the passengers they would normally carry.
By the numbers:
- 70 airlines suspending China flights
- 50 airlines reducing China flights
- Outbreak's actual impact on China capacity, 39%-41%
- Actual decline in passengers, 16.4M-19.6M
