A week later, even transit flights - one of the few areas where Cathay was able to operate, given Hong Kong's zero-Covid strategy involves a three-week quarantine - were suspended to a list of 150 countries, leaving the city almost cut off from air traffic:
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While Cathay Pacific's shares have barely responded to the change in conditions, the airline's 4.875% notes due in 2026 have been slumping, from 99.1 cents on the dollar on Jan. 5 to 93.9 cents now.
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