Tesla, Apple, Starbucks warn about the virus attack; companies restrict travel, canceled flights

CHINA: Tesla warned that a delay in the production of Shanghai-built Model 3 cars would damage first-quarter earnings after China ordered the factory to close after an virus outbreak that killed 170 people and infected thousands.

The companies closed thousands of stores, restricted trips to China and asked the staff there to work from home.

This is what the big companies have said about the outbreak:

Travel tips/evacuations/quarantines:

* Facebook suspended non-essential trips to mainland China and told employees that they had traveled there to work from home.

* Alibaba extended work days from home after an extended recess of the Lunar New Year ended on February 2. Novartis and Volkswagen also did it for the Chinese staff.

* Tencent extended the holidays until February 9.

* Bytedance, owner of Tiktok, asked employees who were traveling during vacations to be quarantined in their homes for 14 days. The e-commerce firm Pinduoduo and UBS Group have advised similar actions.

* HSBC banned travel to Hong Kong and China, and asked employees who traveled to mainland China recently to quarantine their homes.

* Goldman Sachs and Standard Chartered took similar quarantine measures. Standard Chartered also restricted travel to China, as did the Commonwealth Bank of Australia, SK Hynix, LG Display, Honda Motor and Nippon Steel, Roche and Mondelez.

* LG Electronics, LG Chemical, Exxon Mobil and Brazilian mining company Vale SA suspended trips to China.

Store/Factory Closure:

* Alphabet Google temporarily closed all offices in China, Hong Kong and Taiwan.

* Toyota Motor, which restricted travel to China, closed factories in the country until February 9.

* Samsung Electronics, which has chip, display and appliance plants in China, has extended the suspension of some factories according to government guidance. He had previously advised employees who visited Hubei to stay at home for seven days.

* Samsung's supplier, Samsung SDI, expects the outbreak to hurt current quarter earnings.

* AB Inbev suspended production in its Wuhan brewery.

* Apple closed one of its retail stores in China and reduced hours in others, and restricted employee travel. He said he had generated uncertainty in the outlook related to the outbreak.

* Walt Disney closed its resorts and theme parks in Shanghai and Hong Kong during what is probably the busiest time of the year.

* McDonald's closed all stores in Hubei.

* Starbucks warned that the results would be affected after he closed half of his coffees in the country.

* Fast Retailing of Japan temporarily closed about 100 Uniqlo stores in Hubei.

* IKEA closed all of its 30 stores in China. It has also restricted travel to China.

* Yum China temporarily closed some KFC and Pizza Hut stores in Wuhan, and Luckin Coffee closed its cafes in the city.

* Imax delayed movie releases in China.

* H&M closed 45 stores and suspended business trips to and within China. Personnel arriving from China are advised to remain at home for 14 days.

* Swatch closed five stores in Wuhan and suspended trips to and from China.

Airline cancellations:

* British Airways suspended all direct flights to and from China until at least January 31. Finnair suspended the routes to Nanjing and Beijing until the end of March.

* United Airlines, Air Canada, Taiwan's China Airlines, Jetstar Asia, Korean Air and IndiGo canceled some flights to China.

* American Airlines, the largest airline in the United States, said it will suspend flights from Los Angeles to Beijing and Shanghai.

* Cathay Pacific and Cathay Dragon will reduce capacity to and from mainland China by half or more from January 30 to the end of March.

* Air Seoul suspended all flights to China. Lion Air from Indonesia canceled some this month and all flights to China next month.

Hotels/cruises:

* InterContinental hotels will allow customers to change or cancel free stays booked through official and scheduled channels between January 23 and February 29 in mainland China, Hong Kong, Macao and Taiwan.

* Hyatt Hotels said that guests who booked stays through their official channels and are canceling because, or they are Chinese guests traveling to their hotels in Asia Pacific, they can cancel stays or change dates for free.

* Royal Caribbean Cruises said its 2020 earnings would be affected after canceling three trips from its China-based cruise after discussions with health authorities about the outbreak.

Booking platforms, agencies:

* Ctrip, China's largest online booking platform, said more than 300,000 hotels on its platform had agreed to reimbursements for reservations between January 22 and February 8. Refunds also include plane tickets, cruises and car rentals.

* Fliggy, the Alibaba reservation site, offered similar refunds.

* Some Chinese tour operators, such as China International Travel Service, offered refunds and many European tour operators canceled trips to China.

comments