The most important and best Asian airline, Singapore Airlines, for trouble filling its planes. There are also fewer and fewer people willing to change at Singapore Changi Airport.

Not only Asian but also global reservations have dropped dramatically. In this situation, the airline management decided that by May it will reduce the number of connections to Frankfurt, Jakarta, London, Los Angeles, Mumbai, Paris, Seoul, Sydney and Tokyo.

"Singapore Airlines and SilkAir will temporarily reduce flight operations throughout their entire network due to weak demand due to the Covid-19 virus [epidemic]. At the same time, we will constantly monitor the situation and, if necessary, adjust supply to demand, "reads the carrier's message.

The airline does not indicate, however, how much demand has fallen. The current European and Asian grid cuts are another step after the suspension of connections to China and Hong Kong. This is particularly acute for Singapore Airlines, because Chinese destinations account for 11 percent of the total offer. - There is no wonder next cuts in a situation where you can only expect a decline in reservation - commented the decision of SIA DBS bank analyst Paul Yong.

Demand is weakening not only for travel to China, but also to other Asian countries - Japan and South Korea have also suffered. There will also be cuts in the number of cruises. The period after the Chinese New Year celebrations is usually the Asian harvest season, because the weather is still good, it is still dry, and hotel prices are falling, because Chinese are being replaced by tourists from Europe and North Asia.

The more that Singapore with 77 confirmed cases caused by coronavirus is the most affected, after China, this disease. It is already known that tourism will suffer, and the decline in arrivals is estimated at around a quarter. This is not the only loss that will translate into the finances of this city-state. Changi Airport, one of the best in the world, is the most important transfer point for travel to Australia and other Asian countries. Business travel suffered the most because most conferences and congresses, both in Singapore and the surrounding countries, were canceled.

Singapore Airlines' biggest rival in the region, Cathay Pacific from Hong Kong, said last week that it was forced to reduce its offer by as much as 40 percent. As with Singapore Airlines, the reason is a sharp decrease in interest in travel.