CATHAY DRAGON NEWS

Cathay Pacific to cut workforce by nearly a quarter

AIR TRANSPORT | LE JOURNAL DE L'AVIATION | Thu, Oct 22^nd 2020 |

Cathay Pacific announced plans Wednesday to cut its workforce by nearly a quarter and close one of its short-haul airlines in an effort to survive the "devastating" i...

Cathay Pacific unveils US$5 billion bailout plan

AIR TRANSPORT | LE JOURNAL DE L'AVIATION | Wed, Jun 10^th 2020 |

Troubled Hong Kong airline Cathay Pacific announced a HK$39 billion ($5 billion) government-led bailout plan on Tuesday as it battles a crippling downturn caused by the coronavirus.Like many carriers hammered by the ...

Cathay Pacific 2019 profits plunge, predicts virus losses

AIR TRANSPORT | LE JOURNAL DE L'AVIATION | Wed, Mar 11^th 2020 |

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 spre...