Hong Kong's Cathay Pacific Airways Ltd said on Wednesday it would slash 5,900 jobs and end its regional Cathay Dragon brand, joining peers in cutting costs as it grapples with a plunge in demand due to the coronavirus pandemic.
Libby Hogan reports.
Hong Kong's Cathay Pacific Airways Ltd said on Wednesday it would slash 5,900 jobs and end its regional Cathay Dragon brand, joining peers in cutting costs as it grapples with a plunge in demand due to the coronavirus pandemic.
Libby Hogan reports.
Cathay Pacific has announced a major restructuring plan as it struggles to deal with travel restrictions and a big drop in demand.
Hong Kong's Cathay Pacific Airways will cut around 6,000 jobs, or 18% of its workforce, and axe regional brand Cathay Dragon to..