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Stock impact report

Asian airlines slash flights to Hong Kong as unrest escalates [Reuters (UK)]

China Eastern Airlines Corporation Ltd. (CEA) 
Company Research Source: Reuters
Asian airlines slash flights to Hong Kong as unrest escalates - Reuters 4 Min Read SYDNEY (Reuters) - Several Asian airlines have cut flights to Hong Kong over the coming weeks, according to industry scheduling publication Routes Online, as anti-government protests in the city grow increasingly violent and disrupt daily life. Routes online said latest schedules showed cancellations from PT Garuda Indonesia (Persero) Tbk ( GIAA.JK ), India’s SpiceJet Ltd SPJT.NS, Malaysia’s AirAsia Group Bhd ( AIRA.KL ), and the Philippines’ PAL Holdings Inc ( PAL.PS ) and Cebu Air Inc ( CEB.PS ). The cuts come as Hong Kong police on Monday fired tear gas at protesters trying to escape a besieged university, while others armed with petrol bombs awaited an expected operation to oust them. The unrest, raging for almost six months, and an escalating Sino-U.S. trade war has pushed the Asian financial hub into recession for the first time in a decade. On Monday, Routes Online showed Garuda has reduc Show less Read more
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