Air New Zealand has announced it's set to reduce international capacity by 85 per cent and has announced a trading halt.

Flight Centre has blamed the “heightened uncertainty” around coronavirus for the decision to permanently close 100 stores, roughly 11 per cent of its total.

Virgin Australia’s CEO has reassured passengers that all the airline’s aircraft are equipped with face masks and hand sanitisers, in light of coronavirus fears. 

The coronavirus pandemic is undoubtedly having a substantial impact on the aviation sector, with staff and passenger safety, employment and share prices all areas of significant concern moving forward. Australian airlines have already scaled back their services and according to industry experts, this is likely to continue.