HongKong

Cathay Pacific warns new Covid-19 quarantine for aircrew could slash passenger flights by two-thirds and cost company HK$400 million a month



Cathay Pacific Airways has warned a plan by the Hong Kong government to impose a 14-day quarantine order and seven-day medical surveillance on its crew because of Covid-19 would force it to cut its passenger flight capacity by almost two-thirds.The airline said on Monday it might have to axe a quarter of its moneymaking cargo capacity, and predicted the new measure could increase its monthly cash burn by HK$400 million to HK$1.9 billion (US$ 245 million), unravelling the HK$500 million saved…



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