Cathay Pacific plans to fly fewer flights as demand for its flights wanes due to the impact of Hong Kong’s civil unrest. Photo: Edward Wong
Cathay Pacific cuts pay rises for staff to 2 per cent, gives one-off sum of up to US$3,800 in place of year-end bonuses
- Cathay will give the bulk of its 27,000 staff a year-end payment of HK$30,000, or one month’s salary, whichever is lower, the CEO says
- The reduced end-of-year payments come as the city’s flagship airline reels from the impact of Hong Kong’s anti-government protests
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Cathay Pacific
Cathay Pacific plans to fly fewer flights as demand for its flights wanes due to the impact of Hong Kong’s civil unrest. Photo: Edward Wong
Cathay Pacific CEO Augustus Tang says the airline’s position has deteriorated in recent weeks. Photo: Winson Wong
Hong Kong’s flagship airline Cathay Pacific to scale back its capacity by 1.4 per cent in 2020
- Cost control measures will be proportionate to the challenges the airline faces, internal memo sent out by CEO Augustus Tang says
- The airline last shrank its capacity in 2013 by 1.8 per cent
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Cathay Pacific
Cathay Pacific CEO Augustus Tang says the airline’s position has deteriorated in recent weeks. Photo: Winson Wong