HONG KONG, April 17 Cathay Pacific Airways Ltd
(0293.HK) said on Friday it would cut passenger and cargo
capacity from May following a sharp drop in turnover in the first
quarter of 2009.
The Hong Kong-based airline is requesting its staff to take
unpaid leave over the course of the next 12 months, it said in a
From May, Cathay will reduce passenger capacity by 8 percent
and its unit Dragonair will slash capacity by 13 percent. Overall
cargo capacity will be reduced by 11 percent.
The company said turnover derived from passenger and cargo
services in the first quarter fell 22.4 percent from a year ago.
(Reporting by Alison Leung; Editing by Jonathan Hopfner)