Cathay Pacific to cut 2020 capacity by 1.4% - memo

SYDNEY (Reuters) - Hong Kong carrier Cathay Pacific Airways Ltd plans to cut capacity by 1.4% next year, reversing an earlier plan for a boost of 3.1% because of a challenging business outlook, an internal memo seen by Reuters showed.The plan comes after the company this month cut its second-half profit guidance for the second time, after prolonged anti-government protests that began in Hong Kong in June."Given the immediate commercial challenges and the fact that our position has deteriorated..