Cathay Pacific shares slump after China cracks down on staff protests

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Cathay Pacific shares slump after China cracks down on staff protests
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Shares in Hong Kong flag carrier Cathay Pacific Airways fell more than...

FILE PHOTO - A passenger walks to the First Class counter of Cathay Pacific Airways at Hong Kong Airport in Hong Kong, China April 4, 2018. REUTERS/Bobby Yip

China’s aviation regulator on Friday demanded the airline suspend personnel who have engaged in and supported illegal protests in Hong Kong from staffing flights into its airspace, citing safety concerns. Shares in the company tumbled to HK$9.82 on Monday morning, their lowest since October 2018 and near levels not seen since the 2009 financial crisis.

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