Macau Daily Times, 18 Apr 2009
Cathay Pacific said yesterday it will slash flights and ask staff to take unpaid leave as the Hong Kong airline reels from a crisis it says has hit harder than the SARS outbreak and the September 11 attacks.
The carrier announced a 22 percent drop in first-quarter revenue, just weeks after it said it had lost more than a billion US dollars in 2008, the company's first full-year loss in a decade.
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