SINGAPORE (Feb 17): SATS is one the companies that has to brace itself for the impact of a rapidly escalating Covid-19 situation. 

In its earnings call on Feb 13, SATS says it is taking “proactive steps” to mitigate both the impact and risks of the epidemic, which has caused a significant reduction in air traffic in China. Apart from China, the decline in regional travel is also expected to affect SATS’s overseas arms in Japan, as well as associates throughout Southeast Asia and the Middle East. 

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