March 13, 2020 08:26
Korean airlines have suspended most flights to Europe and the U.S. as the coronavirus outbreak has led to a drastic fall in travel demand.
Korean Air canceled flights on eight of its dozen routes to America and is operating only one route to Europe as of Thursday. Flights to those regions accounted for 48 percent of the carrier's total revenue in the third quarter of last year.
Asiana Airlines is also struggling. After suspending flights to and from Japan, it has now suspended most of its routes to America and Europe.
The flag carriers are likely to suspend more routes as travel demand is expected to plummet further, after the World Health Organization declared the outbreak a "pandemic" on Wednesday.
Meanwhile, Lotte on Thursday temporarily closed its duty-free store at Gimpo International Airport due to a significant drop in customers.
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