Tag: cathaypacific
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Cathay Pacific to slash 6,000 jobs in an attempt to survive
(Reuters) – Hong Kong’s Cathay Pacific Airways Ltd will cut around 6,000 jobs, or 18% of its workforce, and axe regional brand Cathay Dragon to help it weather the coronavirus pandemic, the South China Morning Post reported on Tuesday, citing sources. The airline said in June it was reviewing its strategy in light of the…
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Cathay Pacific 2019 profits plunge, predicts virus losses
Hong Kong, March 11 (AFP/APP): Cathay Pacific on Wednesday said profits plunged in 2019 as it reeled from political unrest in Hong Kong, while it warned financial losses lay ahead owing to the spread of the new coronavirus. The flagship carrier was battered throughout the second half of last year as violent pro-democracy protests raged…
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Seven Hong Kong Airlines planes impounded by authority
Hong Kong, Dec 17 (AFP/APP): Cash-strapped carrier Hong Kong Airlines has had seven idle planes impounded at the city’s airport after it failed to make payments, authorities said Tuesday, with the firm hit by a plunge in tourist numbers caused by long-running protests. The Airport Authority announced the seized planes under an ordinance that addresses…
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Cathay Pacific warns it could fire staff for supporting ‘illegal protests’
Hong Kong, Aug 12 (AFP/APP):Hong Kong carrier Cathay Pacific warned its staff on Monday that they could be fired if they “support or participate in illegal protests”, as the airline comes under pressure from Beijing. The warning in a message to staff from chief executive Rupert Hogg also specifically warned employees not to support or…