Releasing its annual results earlier, Cathay Pacific said it would further cut capacity as demand continues to fall in the wake of the coronavirus outbreak.

The Hong Kong-based carrier, which has been among the airlines hardest hit by the virus, said it has reduced capacity across its network by 65 per cent in March and April.

This is compared to earlier plans for a 40 per cent cut, and comes as the virus takes a further toll on passenger demand.

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