Such an outcome would provoke some schadenfreude at Qantas, the best-performing full-service carrier in a Bloomberg index of Asia-Pacific airlines over the past year.
(Feb 7): Airlines are perpetually on the alert against crashes. That does not mean the coronavirus epidemic will lead to any corporate disasters.
The outbreak that originated in the Chinese city of Wuhan could push some airlines in Asia to the wall, according to Alan Joyce, CEO of Australia’s biggest carrier Qantas Airways. “A lot of airlines may not be able to keep some of these operations going,” he told Angus Whitley and Kyunghee Park of Bloomberg News. “It’s survival of the fittest.”
