Cathay Pacific to cut passenger capacity 1.6pc next year

Cathay Pacific Airways will cut passenger capacity 1.6 per cent next year, the first reduction since 2009, as it contends with slowing international travel demand and introduces smaller planes.

The carrier has already pared frequencies on some North American and European routes, finance director Martin Murray said. It is also retiring Boeing 747-400s earlier than planned and replacing them with 777-300ERs, he said.

via Business feed http://www.scmp.com/business/companies/article/1093418/cathay-pacific-cut-passenger-capacity-16pc-next-year