Cathay Pacific Airways cuts capacity due to Hong Kong protests

Cathay Pacific Airways is cutting capacity as travel to and from Hong Kong International Airport (HKG) deteriorates.  The airline will now cut flights in 2020 by 1.4% instead of a planned increase of 3.1% in capacity.  Earlier this month, Cathay Pacific further lowered its full-year profit forecast as it issued a warning that the second half of 2019 will come in lower than expected due to continued protests in Hong Kong. Political turmoil has been flaring in Hong Kong since late spring of 2019, as protesters have taken to the streets over what they consider the government’s failure to protect