As of this morning (roughly 9 AM), Germany's Lufthansa airline has said all flights to China are suspended.
Focus says, at least fourteen of their long-distance aircraft are sitting on the ground.....with no flights planned. Losing money? No one says much but if you were doing the books on this.....they are probably losing hundreds of thousands per day, while the virus goes on.
Hiring freeze also in affect for Lufthansa.....they have no reason to fill empty billets, while this is going on.
Odds that this will go next to South Korean destinations? No one says anything but I would take a guess by this weekend....that will be the next step. You'll also start to hear some chatter on zero dividends expected for the stock, and some financial worries by employees if hours are cut drastically.
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