By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Reading: Cathay Pacific Asks Employees to Take Unpaid Leave
Share
Sign In
Notification Show More
Font ResizerAa
Font ResizerAa
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Signin Sign In
Follow US
Copyright © Travel Radar Media Ltd. 2025 | All Rights Reserved
Travel Radar - Aviation News > News > Cathay Pacific Asks Employees to Take Unpaid Leave

Cathay Pacific Asks Employees to Take Unpaid Leave

Travel Radar
Last updated: 9 March 2020 22:59
By Travel Radar Staff 2 Min Read
Share
© AFp/Getty
Cathay Pacific employees ©AFP?Getty
SHARE

The Hong Kong flag-carrier Cathay Pacific has had a torrid time in the past few months. Firstly the mass anti-government protests and now the outbreak of coronavirus in mainland China, have made business difficult especially coming at the time of the Chinese New Year, when many millions of people expected to travel home—a highly profitable time for local airlines.

©Sky

No one has had a more difficult time than the CEO, Augustus Tang Kin-wing, who only began with the airline in August.

Augustus Tang ©SCMP

Today, Wednesday, Tang announced by video call asked all employees 27 000 to take three weeks of unpaid leave, including senior managers, over the period 1st March to end June. He said that there is a significant drop in demand for flights caused by the virus outbreak, comparing the decline in business during the global financial crisis and the SARS outbreak of 2003 during which Cathay cut capacity by 45%. ‘Preserving cash is the key to protecting our business,’ said Tang.

Cathay Pacific, who also owns LCC Cathay Dragon has announced that it was cutting flights to the mainland by 90% and reducing flights elsewhere, a contraction by 30% overall. The airline has also asked suppliers to cut prices, stopped all non-essential spending and postponed same major projects.

All the major domestic airlines, including China Eastern, China Southern and Xiamen have severely reduced flight frequencies and taken a major blow on share prices. Many international airlines including; British, AirAsia, Delta, Indian and Lufthansa have also suffered, but less so than the Chinese.

With other airlines in Hong Kong struggling, the short-term future looks bleak.

At the time of writing, the number of cases in China has exceeded 24 300 and 490 deaths have been reported.

You Might Also Like

Air Europa extends contract with Lufthansa Technik for component support for its entire 737 fleet

Flight Expert Abruptly Shuts as Fraud Investigation Takes Off

The Ultimate Guide to Internet Options at Haneda Airport

Why have Air Fares Increased?

An Update to Air Canada’s Goodwill Policy : Offering Reimbursement

Share This Article
Facebook Twitter Email Copy Link
What’s your thoughts?
Love0
Sad0
Happy0
Angry0
Travel Radar
By Travel Radar Staff
Follow:
Articles from guest contributors wishing to remain anonymous are credited to this account. Want to contribute to Travel Radar either in-name, or anonymously? Get in touch: [email protected]
Previous Article Will Ryanair order MORE 737 Max despite global GROUNDING!
Next Article BREAKING: Pegasus 737 Breaks Apart on Landing at Istanbul
Leave a comment
Subscribe
Login
Notify of
guest
guest
0 Comments
Oldest
Newest Upvoted
Inline Feedbacks
View all comments

Stay Connected

FacebookLike
TwitterFollow
InstagramFollow
YoutubeSubscribe

Trending News

London Gatwick Airport
August Bank Holiday Weekend to be the busiest, says Cirium
Airlines Aviation Travel
Close-up of an aircraft engine
CO₂ Emissions to Sustainable Aviation Fuel: How Finland is Piloting Production
Aviation Manufacturing
Air Canada flight attendant's strike
Air Canada flight attendants to end strike with the airline, after a tentative deal
Airline Economics Airlines
Boeing aircraft in the skies
Boeing in Talks with China with Potential for 500 Aircraft Sale
Aviation Manufacturing
Business Class in Emirates' Airbus A350
Emirates Set to Prohibit Passengers from using Power Banks
Aircraft Airlines
//

Travel Radar is the leading digital hub for all things aviation and air-travel. Discover our latest aviation news, aviation data, insight and analysis.

Discover

  • Latest News
  • Subscribe
  • Weekly Digest
  • Contact Us
  • Privacy Policy
  • About Us
  • Advertising
  • Media Coverage
  • Press & Events
  • Join Our Team
  • Our Brands

Signup to our Newsletter!

And get the latest aviation news via our weekly news digest!

© Travel Radar Media Ltd. 2015-2025 | ISSN #2635-0696 | Trademark #UK00003579704
wpDiscuz
adbanner
AdBlock Detected
Ads help us bring you high-quality, independent journalism for free. Support us by whitelisting us from your ad blocker.
Okay, I'll Whitelist
Welcome to the TR Community!

Sign in to your account

Register Lost your password?