‘Ad Hoc’ Capacity Cuts Likely Due To Swine Flu, Cathay Says
While Cathay Pacific thinks its planned 8% passenger capacity cut looks adequate for the current downturn, small additional reductions will be needed due to the swine flu scare. CEO Tony Tyler says “some ad hoc” reductions will be made, but these won’t be enough to have much of an effect on the 8%...
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