Feb 28, 2020 - Health

United Airlines to pause flights to Japan due to coronavirus

Photo: Robert Alexander/Getty Images

United Airlines announced Friday it has cancelled its flights to Japan until the end of April, as more countries experience community-wide spread of the coronavirus.

The big picture: Estimates show the virus could cost the travel industry $46.6 billion per month, according to a survey released this week by Global Business Travel Association, the Washington Post reports.

What's happening: United, Hawaiian Airlines and Delta have also canceled or limited service to South Korea.

What's next: Most of the cancellations are likely to extend through the end of April.

Go deeper: Economists now say the coronavirus could cause a recession

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United Airlines to cut capacity by 50% over the coronavirus

A United Airlines plane lands at San Francisco International Airport on March 6 in Burlingame, California. Photo: Justin Sullivan/Getty Images

United Airlines said in a statement Sunday it will cut capacity by about 50% for April and May from Monday, as the airline sees a drop in demand because of the novel coronavirus outbreak.

The big picture: The announcement comes after Delta Airlines announced Friday it would reduce its flight capacity by 40% for the next four months over the outbreak. United said even with the cuts it announced, "we're expecting load factors to drop into the 20–30% range — and that's if things don't get worse."

Go deeper: Coronavirus rattles travelers — and airlines

Editor's note: This article has been updated with more comment from United and context.

Keep ReadingArrowUpdated Mar 16, 2020 - Health

The coronavirus is causing widespread U.S. price cuts

Illustration: Aïda Amer/Axios

Having already hit supply chains and led to the widespread cancellation of large gatherings and events, the COVID-19 outbreak is now causing a repricing on tourism and travel globally, as airlines, hotels and travel operators see major declines in bookings and revenue.

Why it matters: China's record low readings in February for both manufacturing and services could serve as a warning of what's to come for parts of Asia, Europe, and even the U.S.

North Korea fires several projectiles

North Korean leader Kim Jong-un visiting a farm with members of his military. Photo: STR/AFP via Getty Images

North Korea "fired three short-range projectiles into the East Sea" from the country's South Hamgyong province on Monday morning, South Korea's Joint Chiefs of Staff said, per Yonhap news agency.

Details: Japan's Chief Cabinet Secretary Yoshihide Suga said multiple projectiles were detected to have traveled up to 125 miles before hitting the stretch of water also known as the Sea of Japan and they were likely ballistic, AP reports.

Go deeperArrowUpdated Mar 9, 2020 - World