Hong Kong International Airport cancelled all remaining flights into and out of the city on Monday afternoon as protesters occupied the arrival and departure halls for the fourth consecutive day.
The airport contributes about 5% of the city’s GDP directly and indirectly, but the long-term impact of the airport closure could be more severe.
Hong Kong airline Cathay Pacific’s shares fell 4.9% on Monday to a 10-year low.
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Hong Kong authorities cancelled all flights into and out of the city’s major international airport on Monday as protesters occupied the arrival and the departure halls.
While protests against actions by mainland China have rocked Hong Kong for weeks, thousands of demonstrators have filled the airport over the past four consecutive days, protesting the Chinese government and Hong Kong police’s handing of the rallies.
About 200 flights were cancelled altogether, including the rest of the day’s departures and arriving flights not already in the air. The airport typically handles an average of more than 1,100 flights each day, according to the airport authority. More than 74 million passengers traveled to and from the airport in 2018.
“Airport operations at Hong Kong International Airport have been seriously disrupted as a result …read more
Source:: Businessinsider – Finance