Coronavirus hitting travel industry hard; estimated to cost billions

WASHINGTON — Travel experts said the threat of COVID-91, the coronavirus, could cost the industry billions of dollars.

• The Global Business Travel Association said the virus could cost $46.6 billion a month.

• This comes as airlines have been canceling flights and businesses have been canceling major conferences and events.

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• Travelers have seen the impact of the virus.

• Bryan and Joyce Craig said they were mindful of the virus during their trip to Argentina and Brazil.

"We saw a few people with masks,” traveler Bryan Craig said.

"I did have some concerns but I took extra precautions,” Joyce Craig said. “Wiped down trays with Lysol, washing my hands."

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• Delta, United and American airlines are waiving change or cancellation fees to select cities in Asia and Italy where the outbreak has been the worst.

• JetBlue suspended change and cancel fees for all new trips booked through March 11 for travel through June 1.

• Most travel insurance policies will not cover cancellations caused by the coronavirus outbreak.