Flight operations throughout Asia have been heavily impacted by the 8.9-magnitude earthquake that was centered around northeast Japan. The worst hit airport was in the city of Sendai. Abroad, concern is growing for the economic after effects of the disaster, which could have a long-lasting impact on Japanese airlines.
The already weak Japanese economy could worsen, with disruptions potentially further depressing growth and affecting passenger numbers. Analysts worry that tourism could also be hit. These concerns have caused airline stocks to fall sharply. Asian airlines are already struggling to absorb higher fuel prices.
|source : http://www.jma.go.jp/en/quake/20110312195754391-121953.html|
Source : http://www.clevelandleader.com/node/16227