Cathay Pacific aircraft is seen at Hong Kong International Airport, China October 20, 2020. REUTERS/Lam Yikjumped more than 3% after the Hong Kong flagship carrier announced a restructuring plan involving jobs cuts and a decision to end its regional Cathay Dragon brand.
The stock climbed as high as HK$5.92, up 3.5% from the previous close. That compared to a 0.5% gain in the Hong Kong benchmark Hang Seng IndexCathay Pacific said on Wednesday it would cut 5,900 jobs and end its regional Cathay Dragon brand as it grapples with a plunge in demand from the coronavirus pandemic.
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Cathay Pacific to slash workforce, end Cathay Dragon brand due to pandemicHong Kong's Cathay Pacific Airways Ltd said on Wednesday it would slash 5,900 jobs and end its regional Cathay Dragon brand, joining peers in cutting costs as it grapples with a plunge in demand due to the coronavirus pandemic.
Source: Reuters - 🏆 2. / 97 Read more »
Cathay Pacific to cut 6,000 jobs, axe Cathay Dragon brand: SCMPHong Kong's Cathay Pacific Airways Ltd 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.
Source: Reuters - 🏆 2. / 97 Read more »
Cathay Pacific to cut 6,000 jobs, axe Cathay Dragon brand amid pandemic: SCMPHong Kong's Cathay Pacific Airways Ltd 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.
Source: Reuters - 🏆 2. / 97 Read more »
Cathay Pacific to cut 6,000 jobs, axe Cathay Dragon brand amid pandemic: SCMPHong Kong's Cathay Pacific Airways Ltd 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.
Source: Reuters - 🏆 2. / 97 Read more »
Cathay Pacific to slash workforce, end Cathay Dragon brand due to pandemicHong Kong's Cathay Pacific Airways Ltd said on Wednesday it would slash 5,900 jobs and end its regional Cathay Dragon brand, joining peers in cutting costs as it grapples with a plunge in demand due to the coronavirus pandemic.
Source: Reuters - 🏆 2. / 97 Read more »
Cathay Pacific to cut 6,000 jobs, axe Cathay Dragon brand: SCMPHong Kong's Cathay Pacific Airways Ltd 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.
Source: Reuters - 🏆 2. / 97 Read more »