mo4ch:>Qantas warns coronavirus impact of as much as $99m

Qantas warns coronavirus impact of as much as $99m20 February 2020 Related TopicsCoronavirus outbreak Image copyrightGetty ImagesQantas has warned of a severe financial impact as the potentially deadly coronavirus dampens demand for travel in Asia.The Australian airline said the outbreak would cost it up to A$150m ($99m; £76m) as it cuts flights to Asia by 15% until at least the end of May.To avoid job losses the company also plans to freeze recruitment and ask workers to use up leave.It comes amid wider concerns of the impact on the global economy.Qantas estimated that the coronavirus would result in a 100m -150m Australian dollar hit for the financial year, once it had accounted for cutting flights. In a statement chief executive Alan Joyce said: "Coronavirus resulted in the suspension of our flights to mainland China and we're now seeing some secondary impacts with weaker demand on Hong Kong, Singapore and to a lesser extent Japan."We've also seen some domestic deman…