People watch a Cathay Pacific passenger plane landing at Hong Kong’s international airport, August 10, 2014. — AFP pic
SYDNEY, Feb 4 — Hong Kong’s Cathay Pacific Airways Ltd plans to cut 30 per cent of its global capacity over the short-term, including 90 per cent of capacity to mainland China as it grapples with a sharp fall in demand due to the coronavirus epidemic, its CEO said today.
“We will monitor the situation closely and adjust accordingly,” Cathay Chief Executive August Tang said in a memo to staff seen by Reuters.
The South China Morning Post first reported the planned capacity cuts. — Reuters
