Cathay Pacific Airways to cut flights
By Kate Linebaugh
Bloomberg News Service
"We will be reducing some of our schedules," said Tony Tyler, Cathay's director of corporate development. The airline will announce details of the reductions Monday, he said. The Ming Pao daily reported today that Cathay will cut as many as 15 flights.
The new disease, known as severe acute respiratory syndrome, or SARS, has infected 1,485 people worldwide and killed at least 53, according to the World Health Organization. At least 425 people in Hong Kong have the illness.
Cathay Pacific shares fell 12 percent last week to a six-month low of HK$10.20.