Cathay Pacific Airways announced a series of new measures that will help the airline deal with a serious downturn in business as a result of the global financial crisis. The measures are: cutting back on planned passenger capacity growth in 2009; offering cabin crew and cockpit crew the opportunity to take voluntary unpaid leave; parking two Cathay Pacific freighters; and requesting a deferral on the construction of the Cathay Pacific Cargo Terminal.
The airline is paring back its earlier projection of 6-7% growth in capacity in 2009 to less than 1% to reflect the anticipated decline in demand. Services on some routes will be adjusted accordingly though the airline is clear that it plans to keep its network integrity intact and not cut any destinations. The new capacity figure takes into account the airline
