Cathay Pacific to cut 30% of capacity due to coronavirus

SYDNEY (Reuters) - Hong Kong's Cathay Pacific Airways Ltd plans to cut around 30% of its capacity over the next two months, including around 90% of its flights to mainland China, as it grapples with the coronavirus epidemic, its CEO said on Tuesday."We will monitor the situation closely and adjust accordingly," CEO August Tang said in a memo to staff seen by Reuters. "These cuts are temporary for now and driven by the commercial and operational realities at the current time, as well as the..