Moody’s weighs in on coronavirus economic impacts – could continue over next 3 quarters

Moody’s now:

  • says despite some turbulence, APC airports can weather coronavirus challenges
  • financial impact for APAC airports larger than suggested by passenger volumes at risk
  • says suggests travel between Asian destinations could be significantly affected over at least next 2-3 quarters due to coronavirus

Moody’s focused on airport/travel impacts – tourist movements are significant indeed in Asia (and elsewhere of course), business-related travel also.  There are significant flow-on effects from a reduced inbound flow of tourists, offset to some extent by locals otherwise taking holidays domestically.