Possible reduction in Cathay Pacific flights ex-US

On CNBC yesterday, Tony Tyler, head of Cathay Pacific, indicated the airline is carefully looking at the viability of its flights ex the USA. The implication is that the airline will reduce capacity. Some reductions have already been announced for its Vancouver and Toronto services, and it seems these are bound to be followed by other reductions from JFK, LAX, and SFO. The comments follow Cathay's announcement of a loss of around US$85 million in the last financial year against a profit of more than $300 million the year before.