COVID-19: Cathay Pacific Lays Off 8,500 Staff and Dragonair Suspended Flights
With the current pandemic situations, now due to the COVID0-19, another airline was somehow caught in huge troubles as Cathay Pacific lays off 8,500 employees while Dragonair has to suspend their flights!
The Hong Kong Cathay Pacific Group, which has been awarded the “Best Airline in the World” for several times, lost to the impact of the pneumonia epidemic. Today, it announced that it has cut 8,500 jobs and its #港龙航空 will cease operations with immediate effect . This is after American Airlines, United Airlines, Singapore Airlines, and Emirates, another global aviation giant announced massive layoffs.It is worth mentioning that Cathay Pacific, established in 1946, is now part of the Swire Group. This time, it has suffered an unprecedented hit.
The airline would also seek changes in conditions in its contracts with cabin crew and pilots as part of a restructuring that would cost 2.2 billion Hong Kong dollars ($283.9m), it told the stock exchange.
Whether it will give China’s aviation industry an opportunity to plant the flag and master the Hong Kong aviation market is worth paying attention to.
