Cathay Pacific Airways Limited (HKG:0293) May Not Survive

Cathay Pacific Airways Limited (HKG:0293) May Not Survive

Hong Kong carrier Cathay Pacific issued a profit warning on Friday, estimating it will suffer a historic loss of HK$9.9 billion (US$1.3 billion) in the first half of 2020 as it reels from the coronavirus pandemic. “The Group will record a net loss attributable to shareholders of approximately HK$9.9 billion, which compares to a net […]

‘Feed the wolf’: fear stalks Cathay (0293:HK) staff after Hong Kong protest sackings

‘Feed the wolf’: fear stalks Cathay (0293:HK) staff after Hong Kong protest sackings

A fortnight ago Cathay Pacific said it “wouldn’t dream” of muzzling the views of its 27,000 Hong Kong staff, but after the dismissal of several pro-democracy supporters among its workforce under Chinese pressure, employees say this is exactly what has happened. Hong Kong, a financial centre that was once a byword for stability and prosperity, […]

Cathay Pacific Airways Ltd (HKG:0293) HEFFX Highlights

Cathay Pacific Airways Ltd (HKG:0293) HEFFX Highlights

Cathay Pacific Airways Ltd (HKG:0293) HEFFX Highlights Cathay Pacific Airways has denied a report that it is retrenching another 200 employees, a day after the airline said it was cutting 600 jobs in its biggest headcount reduction in almost two decades. “The number of redundancies resulting from the transformation program is around 600, as we […]