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…