Struggling Cathay Pacific offers Hong Kong pilots, cabin crew voluntary redundancy in fresh cost-cutting move

Cathay Pacific is offering its Hong Kong-based pilots, cabin crew and airport staff voluntary redundancy, part of a deepening effort to cut costs as the airline warned its business was not improving.

Hong Kong’s struggling flag carrier told staff on Tuesday it foresaw “no discernible improvement” in the short to medium term, prompting the company to ask employees if they wanted to leave their jobs. The airline said it would continue to operate a skeleton passenger flight schedule for “some considerable time”.