Budget airlines could struggle to survive as coronavirus rocks global airlines. I speak with aviation economist Dr Tony Webber

Fallout from coronavirus could force small airlines out of business, according to aviation analyst Tony Webber. 

Key airlines at risk are based in Hong Kong servicing slights to China's mainland. 

Australian stocks had fallen 1.6 percent in late morning trade on Monday but analysts say falls could have been worse without action by the People's Bank of China to inject RMB 1.2 trillion (A$258 billion) into China's financial system.