PETALING JAYA: Local airlines have cancelled over 1,500 flights due to the Covid-19 virus outbreak, according to the Malaysian Aviation Commission (Mavcom).
A Mavcom spokesman said between Jan 1 and Feb 29, a total of 1,576 flights by Malaysian carriers were cancelled due mainly to the Covid-19 outbreak.
The spokesman said Malaysia Airlines cancelled 376 flights, AirAsia 644, AirAsia X 114 and Malindo 442.
“These cancellations involved total suspension of all operations on the Kuala Lumpur-Wuhan route by AirAsia X as well as Kota Kinabalu-Wuhan by Malindo Airways and AirAsia.
“Malaysia Airlines has also suspended all services for Kota Kinabalu-Shanghai effective Feb 28,” the Mavcom spokesman told theSun.
The spokesman said several other major routes were also affected by the outbreak, with airlines cancelling services on an ad-hoc basis due to low demand.
The spokesman said the ad-hoc cancellation of routes under capacity management included Kuala Lumpur-Shanghai, Kuala Lumpur-Beijing, Kuala Lumpur-Guangzhou among others.
The spokesman added it also included services to Singapore (Kuala Lumpur-Singapore), and South Korea (Kuala Lumpur-Seoul, Kuala Lumpur-Jeju).
The spokesman said the Covid-19 virus outbreak had also resulted in a marked decline of market capitalisation by Malaysia Airports Holdings Bhd (MAHB) and AirAsia Group.
The spokesman said MAHB’s market capitalisation dropped by RM2.290 billion (18.2%) while the market capitalisation for AirAsia Group dropped by RM2.04 billion (35.9%) from Jan 1 to March 5.
The spokesman said besides the impact from the Covid-19 outbreak, the decrease could have been due to general market sentiment.
Meanwhile, the Malaysian Association of Tour and Travel Agents (Matta) has called on major tourism service providers such as airlines and hotels to be fair to travel agents who are also victims of the Covid-19 outbreak.
Its president, Datuk Tan Kok Liang, said from late January, the virus outbreak began to spread at an alarming rate and had affected global travel, with many tourists cancelling or postponing their holidays.
“Many customers have already paid for tour packages, especially from February to June, and travel agents in turn have made payments to airlines, hotels and other suppliers on behalf of their customers,” said Tan.
“With the recent spate of cancellations, outbound tour operators may be saddled with an estimated potential liability of RM500 million collected from customers for tour packages departing from February.
“Cancellation policies and decisions are made by the airlines and hotels and many customers are not aware that travel agents can only pass on to customers whatever refund or credit is offered by airlines and hotels,” he added.
Tan pointed out that in most cases, airlines and hotels do not offer refunds for cancellations and any refund given may be in the form of credit, which customers must use by booking a flight or room within a time period.
He urged consumers to negotiate with their travel agents for amicable solutions rather than pursuing legal action.
https://www.thesundaily.my/local/over-1500-flights-cancelled-mavcom-MX2099178
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prince4
oil prices up aviation company buy long oil future maintain cost for hedging when oil price down little aviation company earning will increasing little...but now different oil prices drop heavily their long oil future contract losses heavily and most flight stop flight will not hedging will extra plus increase heavily losses
2020-03-10 11:31