As the coronavirus pandemic stifles air travel, major airports around the world are rethinking plans to spend billions of dollars on new terminals, runways and hotels that could sit empty if demand doesn’t return.

San Francisco International Airport is postponing by at least six months a $1 billion terminal renovation formerly slated to start in June. In Florida, Orlando’s airport authority scaled back an expansion to 15 gates from 19. In London, executives at Heathrow Airport say building a third runway isn’t a priority at…

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