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Cathay Slashes Cargo Capacity, Hitting Key Earnings Crutch

Cathay Pacific Airways Ltd. will operate only about 20% of its pre-pandemic cargo capacity this month, a sharp reduction in what has been a rare bright spot during the most challenging period in the carrier’s history. 

While the Hong Kong-based airline will resume some long-haul cargo services from Friday after a weeklong suspension, the January schedule is way thinner than at the end of last year, when freight operations allayed some of the pain of passenger traffic slowing to a relative trickle during the Covid crisis.