Hong Kong Airlines slashes flights, cuts 400 jobs as coronavirus makes a tough situation harder

Hong Kong Airlines said today that it is taking “vigorous measures” to ensure its survival, including slashing hundreds of jobs. The novel coronavirus outbreak poses a “serious threat” to its business, the beleaguered airline said in a statement.
The statement said the airline will “reduce our operation from 82 to 30 sectors daily between 11 February and March,” suspending flights to mainland China, South Korea, Japan and other Asian destinations.
“As uncertainty looms with the evolving nature of this global issue, weak travel demand will likely continue into the summer season and we need to take further action to stay afloat,” the company said in a statement.