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Virus-Stricken Airlines Face Bailout Or Bust

Staff have already taken a hit with reduced hours and the threat of job cuts.

One Cathay Dragon flight attendant based in Hong Kong, who asked not to be named, told AFP he had not been on duty since February 6 and faced another couple of weeks off at the very least.

He has lost 60 to 70 percent of his normal monthly income and is relying on savings, in one of the world’s most expensive cities.

For consumers, there could be big changes in store when the coronavirus restrictions lift.

For the brave, there are some deals to be had for now, but in the longer term “airfares may rise as airlines try to recoup losses”, according to Endau Analytics analyst Shukor Yusof.

A rash of market consolidation and mergers could reduce competition and put upward pressure on prices.

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