Coronavirus has not only had an affect on Flybe but has also affected the wider airline industry, Louise Dudley of Hermes Investment Management tells Radio Five Live’s Wake up to Money.
She said the airline industry had been hit by coronavirus but also had a shock at the start of the year in terms of oil prices.
“Travel is now something that people feel they are able to cut.”
Looking at the global affect on wider businesses, she adds: “There is still a lot of fear out there. We are seeing a lot of supply chain disruption from China and Asia generally.
“But we are now seeing demand side hit as well. business being hit with both sides.”
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