SEOUL, March 19 (Korea Bizwire) — South Korean airlines are halting more flights as countries imposed more entry restrictions in their fight against the spread of the novel coronavirus.
Korean Air Lines Co., the country’s biggest airline and national flag carrier, said Thursday it will begin reducing the number of flights to three per week from seven on the Incheon-Paris route.
The latest move comes as European countries close their borders and restrict movement in an effort to slow the spread of COVID-19.
Korean Air has already suspended 10 out of 12 European routes, with flights on the Incheon-London route being reduced to three from five early this month.
Asiana Airlines Inc., the country’s second-biggest airline, currently offers the Incheon-Frankfurt route five times a week. Six other European routes are not in operation.
The two full-service carriers have halted services on most of their international routes as more than 150 countries and territories were imposing entry restrictions against visitors from South Korea as of Thursday.
Local airlines have been struggling with a sharp decline in air travel demand since Jan. 20, when South Korea reported its first case of COVID-19.
Adding to the woes of the airlines, Japan on March 9 adopted a temporary 14-day self-quarantine period for people flying in from South Korea and China, and asked them to refrain from using public transport.
Tokyo also decided to suspend its visa-waiver program for South Korean nationals.
In response to Tokyo’s new entry restrictions, Seoul suspended a visa-free entry program for Japanese nationals the same day.
The move prompted Korean Air to suspend 16 of its flights on 17 routes, except for the Incheon-Narita route, to Japan starting March 9.
Asiana suspended all of its flights to Japan for the March 9-31 period due to Japan’s entry restrictions. It previously operated 11 routes to eight Japanese cities.
As of Thursday, South Korea reported 8,565 confirmed cases of the novel coronavirus and 91 deaths.
Jeju Air Co., the country’s largest low-cost carrier, said it will continue to serve two routes from Incheon to Tokyo and Osaka. Thirteen out of its 15 routes to Japan are no longer in service.
Jeju Air operated 82 international routes and six domestic routes but now only two Japanese and three domestic routes are available.
Six other budget carriers — Jin Air, Air Busan, Air Seoul, Eastar Jet, T’way and Fly Gangwon — have already suspended all or most of their flights on international routes. Most of them have entered an emergency management system to stay afloat.
The seven budget carriers suspended all of their flights to Japan on March 9.
Airline stocks plunged amid increased suspensions.
On Thursday, Korean Air plunged 25 percent to 13,600 won, Asiana fell the daily limit of 30 percent to 2,270 won, and Jeju Air declined 28 percent to 12,500 won, underperforming the broader KOSPI’s 8.4 percent loss.