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Cathay Pacific Group examining new restructuring post COVID-19
May 8th 2020
The Cathay Pacific Group is considering another restructuring of its operations to enhance its operational viability beyond the COVID-19 pandemic, Hong Kong’s South China Morning Post reported on Thursday. Read More »
The newspaper reported sources who said Cathay was considering options for structural change that included reductions in headcount, routes and its fleet. Consolidation of its airlines also is on the table. In the short term, staff will be asked to accept another round of pay cuts, possibly unpaid leave of up to four weeks, the report said.
A letter the airline management wrote to its pilots, quoted by the newspaper said: “We are currently working with colleagues from across the airline to model varying degrees of structural change that may be required to preserve our business and collective future from the catastrophic impact of COVID-19. No firm direction has yet been set,” the letter was quoted to have said.
