John Menzies Warns of Coronavirus Hit to Annual Profit

March 2, 2020
The aviation services group said it would take a hit of between $7.8-$11.7 million from the coronavirus outbreak, assuming the impact of the virus subsides towards the end of the second quarter.

Feb 27 (Reuters) - Aviation services group John Menzies said on Thursday it would take a hit of between 6 million and 9 million pounds ($7.8 million-$11.7 million) from the coronavirus outbreak, assuming the impact of the virus subsides towards the end of the second quarter.

Menzies, which offers ground handling, fuelling and cargo handling services for airlines, said the biggest disruption would be seen at its operations in Macau, where the company handles Chinese carriers.

Read more: https://www.reuters.com/article/chinahealth-john-menzies/update-1-john-menzies-warns-of-coronavirus-hit-to-annual-profit-idUSL3N2AR2RK