ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Transportation

Cathay Pacific to keep passenger service 'under 50%' until 2022

Mainland airlines report first traffic gains on domestic routes since 2019

HONG KONG -- Cathay Pacific Airways, Hong Kong's flagship carrier, said on Monday that it will operate at no more than half its pre-pandemic passenger service level through 2022, warning of gloomy prospects for a quick business recovery.

The group's update comes as management is working to finalize a restructuring plan based on assumptions of a smaller "optimum size and shape" for its future operations than previously forecast. Officials have been meeting with staff unions amid speculation about job and pay cuts that local media say could be unveiled as early as this week.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more