Cathay Pacific to operate less than 50% of pre-pandemic capacity in 2021

SYDNEY: Hong Kong’s Cathay Pacific Airways Ltd. said on Monday it expects to operate less than 50 percent of its pre-pandemic passenger flight capacity in 2021 as it nears completion of a strategic review that could lead to major job losses.

The airline said it planned to operate around 10 percent of its pre-pandemic capacity for the remainder of 2020, with most borders remaining closed.

The airline industry has been hard hit by the coronavirus pandemic as many countries imposed travel restrictions to contain its spread. Many of the curbs still remain in place.