HONG KONG (Bloomberg): Cathay Pacific Airways Ltd is offering voluntary redundancy to staff including pilots, cabin crew and airport workers as it continues to struggle with a collapse in travel because of Covid.
The Hong Kong-based airline said operating conditions remain "incredibly challenging” and that the decision was based on requests from some employees. It expects no discernible improvement to operations in the short to medium term. The South China Morning Post reported earlier Wednesday (April 28) that Cathay had offered voluntary redundancy to pilots and cabin crew.