Cathay Pacific Cutting Capacity As Hong Kong Unrest Takes A Toll
The fallout from the political unrest in Hong Kong continues to spread.Reuters Nov. 29 is reporting Cathay Pacific Airways is cutting capacity as travel to and from Hong Kong International Airport (HKG) deteriorates. Reuters cited internal company documents that show the airline will now cut flights in 2020 by 1.4% instead of a planned increase of 3.1% in capacity. Earlier this month, the Hong Kong-based company said it was cutting its second half profit forecast for the second time in less than a month....