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A Cathay Pacific A350 (Photo: AirlineGeeks | Ben Suskind)
[ Top Story ]December 4, 2019 12:00 am ET
By Akhil Dewan

Cathay Pacific To Cut Capacity in 2020

Hong Kong-based Cathay Pacific has announced that capacity on the airline will be reduced in 2020 due to impacts from the recent unrest. The capacity reductions will see a decrease of 1.4 percent year-over-year and an adjustment in the carrier’s budget in 2020. In September, the carrier was expecting capacity to grow to 3.3 percent next year. Additionally, the carrier is planning on cutting its Q3 and Q4 profit forecast for the second time this month. “Given the immediate commercial…

[ Top Story ]April 6, 2019 5:46 pm ET
By Matthew Garcia

Boeing Announces MAX Production Cut, Creates Committee to Re-Evaluate Company…

Boeing has announced its plan to cut production of the 737 MAX by one-fifth starting in mid-April. The aircraft manufacturer will now produce 42 MAX aircraft a month opposed to the 52 they have been producing. In a statement released Friday, Boeing CEO Dennis Muilenburg says the production cut will…