Exit the dragon: Ground crew drive past Cathay Pacific and Cathay Dragon Airways planes at the Hong Kong International Airport. The airline is shutting down its regional airline unit in a corporate restructuring as it grapples with the plunge in air travel. — AP
SYDNEY: Hong Kong’s Cathay Pacific Airways Ltd said yesterday 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.
The airline would also seek changes in conditions in its contracts with cabin crew and pilots as part of a restructuring that would cost HK$2.2bil (US$283.9mil).
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