Just four months after receiving a HK$40.95bil (US$5.3bil) bailout package from Hong Kong’s government, the carrier is planning to cut a quarter of its workforce and close the Cathay Dragon shorter-haul brand that it has operated since the 1990s.
FOR an airline built in an era of globe-spanning cosmopolitanism, a pandemic that’s shut the world’s borders is particularly brutal.
No wonder Cathay Pacific Airways Ltd. is struggling.
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