Southwest Airlines sees first-quarter revenue hit from coronavirus outbreak

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Shares of airlines and cruise ship operators were sharply lower after Southwest Airlines warned bookings are down because of coronavirus fears and a cruise ship with sick passengers was not allowed to dock in California

Southwest said it has seen a significant rise in ticket cancellations and decline in traffic due to the epidemic, which has killed over 3,000 people and caused airlines across the world to cut flights and implement cost controls.

Concerns over the still largely unknown impact of the virus led top executives from Southwest, United Airlines, American Airlines and JetBlue Airways Corp to meet with U.S. President Donald Trump on Wednesday.

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