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Stock impact report

UPDATE 2-Asian airlines slash flights to Hong Kong as unrest escalates [Reuters]

China Eastern Airlines Corporation Ltd. (CEA) 
Company Research Source: Reuters
UPDATE 2-Asian airlines slash flights to Hong Kong as unrest escalates * AirAsia, Jeju Air, Cebu Pacific among those confirming cuts * Hong Kong airport passenger numbers declined 13% in October * Mainland Chinese carriers have reported large demand drop (Adds Garuda Indonesia comment in paragraphs 7 and 8) By Jamie Freed SYDNEY, Nov 18 (Reuters) - Several Asian airlines have cut flights to Hong Kong for the coming weeks, an industry scheduling publication showed, as anti-government protests in the city grow increasingly violent and disrupt daily life. Routes Online said the latest schedules showed cancellations from PT Garuda Indonesia (Persero) Tbk, India’s SpiceJet Ltd, Malaysia’s AirAsia Group Bhd, South Korea’s JejuAir Co Ltd and Jin Air Co Ltd and the Philippines’ PAL Holdings Inc and Cebu Air Inc. 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 Show less Read more
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