Older than 7 days

Cathay Pacific to axe jobs and Dragon brand

Cathay Dragon Airbus A320
Cathay Dragon Airbus A320, © Cathay Pacific

Related News

HONG KONG - Cathay Pacific Airways 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. Cathay Pacific declined to comment on the news.

The airline said in June it was reviewing its strategy in light of the travel downturn, with "tough decisions” to be announced during the fourth quarter and analysts expected it would announce major job cuts.

That month the Hong Kong government also led a $5 billion rescue package for the airline, which has been burning through around HK$1.5 billion ($193.55 million) to HK$2 billion of cash a month.

The South China Morning Post said the airline was expected to announce the job cuts on Wednesday, adding the figure had been reduced from 8,000 layoffs after government intervention.

The newspaper, citing unidentified sources, said the airline will sacrifice Cathay Dragon but staff and resources of the two airlines would be merged. Cathay declined to comment.

The airline last month said it would not apply for further government employment subsidies for its main business units, allowing it to make job cuts at Cathay Pacific and Cathay Dragon, though not at budget carrier HK Express.

Cathay had refrained from major job cuts but Singapore Airlines has announced plans to cut around 20% of positions, while Australia's Qantas has said it will cut nearly 30% of its pre-pandemic staff.

Cathay has sent around 40% of its passenger fleet to less humid locations outside Hong Kong for storage. On Monday, the airline said it expected to operate less than 50% of its pre-pandemic passenger flight capacity in 2021. Passenger numbers in September fell 98.1% compared with a year earlier due to border closures, though cargo carriage was down by only 36.6%.
© Reuters, | Image: Cathay Pacific | 21/10/2020 07:37

Comments (0) Go to front page

To write a comment, please sign up at or log in.



Discussions on current events and developments in the aviation industry

Pilot Jobs at " by SkyTest®"

Special: Flight Training

Most Read Passenger Experience

There are new
stories at

Reload main page