Cathay Pacific slashes passenger service to 'skeleton schedule'

Analyst warns of liquidity squeeze on Hong Kong airline group

Cathay Pacific parked 20200320

Cathay Pacific is parking most of its passenger planes as the pandemic outbreak pummels demand. © Reuters

KENJI KAWASE, Nikkei Asian Review chief business news correspondent

TOKYO/HONG KONG -- Cathay Pacific Airways will halt all but a fraction of its passenger services as travel restrictions and vanishing demand due to the coronavirus pandemic further pressure Hong Kong's flagship carrier.

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