Widening curbs on travel to contain the spread of the coronavirus led airlines to ramp up flight cancellations on Monday, with new restrictions spanning Australia, New Zealand, the United Arab Emirates (UAE), Hong Kong, Singapore and Taiwan. Globally the number of scheduled flights last week was down more than 12% from the year earlier, flight data provider OAG said, with many airlines having announced further cuts to come. “It is a war against a virus,” Andrew Herdman, director general of the Association of Asia Pacific Airlines, told Reuters by telephone on Monday. Credit ratings agency Moody’s estimated global capacity would fall by 25% to 35% in 2020, assuming the spread of the coronavirus slowed by the end of June. Australia and New Zealand both warned against non-essential domestic travel, while the UAE halted flights and Hong Kong, Singapore and Taiwan took steps to ban foreign transit […]