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Business trends

FedEx, Cathay Pacific squeezed by Hong Kong's 'zero COVID' rules

Courier pulls remaining pilots from Asian hub, while airline cancels flights

Hong Kong has been FedEx's Asia-Pacific hub since 1992.   © Reuters

HONG KONG -- The business community has taken drastic steps to cope with Hong Kong's zero-tolerance approach to the coronavirus.

FedEx has decided to relocate all its Hong Kong-based pilots, though without exiting the market. Cathay Pacific Airways will cut flights in December. And retailers have closed stores over a lack of inbound customers.

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