Hong Kong
Cathay Pacific

Cathay Pacific makes biggest job cuts in 20 years

Cathay Pacific says it's cutting 600 jobs as it seeks to return to profitability in an industry battered by falling ticket prices. (Photo: Reuters)

May 22, 2017
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As the global airline industry recovers from the Covid-19 pandemic and more people are flying, airfares are hitting significantly higher than pre-pandemic levels. Passengers are also finding it...11:36
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Cathay Pacific Airways has reported a HK$7.6 billion (US$977 million) loss in the first half of 2021. The city’s flagship airline said on August 11, 2021, that it continued to be disrupted by the...02:17
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Cathay reports US$977 million loss
August 11, 2021
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Hong Kong's flagship airline, Cathay Pacific posted its worst-ever financial results on March 10, 2021. The carrier reported losing HK$21.6 billion (US$2.78 billion) in 2020, a year during which...01:55
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Cathay Pacific posts record HK21.6 billion loss
March 10, 2021
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Hong Kong Cathay Dragon staff expressed regret and “strong dissatisfaction” over Cathay Pacific Airways’ decision to lay off 5,900 staff and end its regional Dragon brand due to the coronavirus...01:20
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October 21, 2020
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Hong Kong’s flagship carrier Cathay Pacific Airways has announced it will cut thousands of jobs including 5,300 staff based in the city, and that it will immediately shut down its mainland China...03:43
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Cathay Pacific cuts thousand of jobs
October 21, 2020
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Cathay Pacific Airways says it will lay off 5,300 staff in Hong Kong, as well as 600 overseas employees under a global HK$2.2 billion (US$284 million) restructuring to cope with fallout from the...01:46
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Hong Kong’s Cathay Pacific to cut 8,500 job posts
October 21, 2020
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Cathay Pacific Airways has said it expects to lose HK$9.9 billion (US$1.28 billion) in the first six months of 2020, the largest in its history. The airline issued a profit warning on July 17, 2020...01:55
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Cathay warns of historic HK$9.9 billion loss
July 17, 2020
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Hong Kong’s financial secretary Paul Chan said on June 9, 2020 that the government’s HK$30 billion bailout of Cathay Pacific is necessary to protect the city’s economic interest. ...01:27
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HK$30 billion bailout for Cathay Pacific is necessary, Hong Kong government says
June 9, 2020
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The Hong Kong government has taken the unprecedented step of bailing out the city’s flagship airline, Cathay Pacific, which has been hit hard by the Covid-19 pandemic.01:29
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June 9, 2020
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Hong Kong’s flagship airline Cathay Pacific Airways is scrambling to ride out a financial storm caused by the coronavirus outbreak, coming right on the heels of months of anti-government protests...03:42
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Cathay Pacific takes hit from coronavirus
February 20, 2020
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Hong Kong carrier Cathay Pacific Airways has changed its policy to allow staff members to wear surgical masks on all routes. The January 22, 2020, announcement followed accusations by workers that...02:05
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Cathay Pacific allows staff to wear masks
January 23, 2020
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Strategist at Everbright Sun Hung Kai expects Cathay Pacific will weather the storm it unexpectedly flew into when it got caught up in Hong Kong’s protests, but says investors should wait for the...05:23
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Cathay Pacific shares expected to take off, despite protest fallout
August 19, 2019
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Once the leading airline in Asia, Cathay Pacific has been struggling to stay competitive. But a major restructuring starting in 2017 seems to have turned the carrier’s fortunes around. The airline...02:12
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Cathay Pacific's highs and lows
May 9, 2019
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Once the leading airline in Asia, Cathay Pacific has been struggling to stay competitive. Here's what contributed to Cathay's falling fortunes02:30
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October 25, 2018
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Once the premiere airline in Asia, Cathay Pacific has been struggling in recent years to stay competitive. Here's what contributed to Cathay's falling fortunes.02:28
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The declining fortunes of Cathay Pacific
March 22, 2018
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Hong Kong's flagship airline Cathay Pacific is in even more trouble. It has posted its first back-to-back loss in its 71-year history. 01:19
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Cathay Pacific's back-to-back annual losses
March 15, 2018
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A gym manager and former rugby player is attempting to run 50km (31 miles) daily for seven days straight to raise money for a Hong Kong charity. Kevin Field, who has been training for the...03:39
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