Airlines in Asia are less likely to shed jobs on the same scale as their counterparts in Europe and North America after receiving government support, according to the head of an industry association representing the region’s best-known carriers.
Fresh from unveiling a Hong Kong government-led bailout worth HK$39 billion this week, Cathay Pacific announced a second round of unpaid leave for 33,000 staff, taking this year’s total to six weeks. Last week Singapore Airlines said it was not considering job cuts. On Thursday, Malaysia Airlines said it was trying “to avoid possible job cuts”, by pushing through spending reduction, to among things, protect lower paid staff.
Asia-Pacific is forecast to make the largest net loss of any region, IATA said. It earlier forecast that millions of jobs in the region that benefit from aviation would be impacted.
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