The Hong Kong low-cost airline HK Express, part of the Cathay Pacific Group, is suspending all flights through the end of April due to falling demand from the coronavirus outbreakMarch 20, 2020, 2:02 PM4 min read Less than three months ago came the first reports of cases of pneumonia related to a virus first detected in Wuhan, China. The outbreak of the virus that causes COVID-19 has caused unprecedented disruptions that have brought an unparalleled shock to the global economy. Following are developments Friday related to the outbreak, efforts by governments to stabilize their economies, companies that must navigate through an altered landscape, and the millions of people affected. ——————— TRAVEL DECLINES: The Hong Kong low-cost airline HK Express, part of the Cathay Pacific Group, is suspending all flights through the end of April with millions of potential travelers shutting in. HK Express normally flies 25 routes throughout Asia. Cathay’s flagship carrier, Cathay Pacific Airways, has cut 90% of its flights and asked staff to take unpaid leave. American Airlines is initiating cargo-only flights between the US and Europe. FedEx and UPS were expecting to absorb a greater share of cargo typically carried by commercial airlines, which have severely cut


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