Oil consumption just fell off a cliff. OPEC is facing a huge test
https://edition.cnn.com/2020/03/04/business/oil-prices-opec/index.html

Most of the reduction in demand can be traced to China, where the coronavirus has caused what IHS Markit describes as an "unprecedented stoppage" of economic activity.
But reduced consumption will be widespread, and IHS Markit expects global demand to drop by 3.8 million barrels per day in the first quarter compared to 2019. Demand in the first three months of 2019 was 99.8 million barrels per day.
"This is a sudden, instant demand shock — and the scale of the decline is unprecedented," said Jim Burkhard, vice president and head of oil markets at IHS Markit.

Airline industry braced for major threat from coronavirus turmoil
BA to drop 432 flights; Ryanair says it will cut a quarter of its flights to and from Italy
https://www.theguardian.com/business/2020/mar/02/airline-industry-braced-for-major-threat-from-coronavirus-turmoil

Airline shares have plummeted since last week, with easyJet falling 30%, IAG slipping 32% and both United Airlines and Lufthansa down a quarter.