Cathay Pacific Airways Ltd (0293.HK)
25 May 2017
HONG KONG Hong Kong's flagship carrier Cathay Pacific Airways Ltd plans to cut an additional 200 jobs on top of the 600 already announced as it seeks to return to profitability, the South China Morning Post reported on Tuesday.
HONG KONG, May 23 Hong Kong's flagship carrier Cathay Pacific Airways Ltd said a Tuesday report by the South China Morning Post (SCMP) newspaper that it plans to cut an additional 200 jobs on top of 600 already announced was incorrect.
HONG KONG, May 23 Hong Kong's flagship carrier Cathay Pacific Airways Ltd plans to cut an additional 200 jobs on top of the 600 already announced as it seeks to return to profitability, the South China Morning Post reported on Tuesday.
SYDNEY/SHANGHAI Cathay Pacific Airways Ltd said on Monday it was cutting 600 jobs, its biggest headcount reduction in almost two decades, as it seeks to return to profitability in an industry battered by falling ticket prices. | Video
* No frontline staff, pilots or cabin crew to be affected (Recasts, adds analyst comment, Singapore Airlines review)
HONG KONG (Reuters Breakingviews) - Asia’s aviation hub model is showing signs of wear and tear. Chinese competition is hitting both Singapore Airlines and Hong Kong rival Cathay Pacific, and neither has a big domestic customer base to rely on. At least the Singaporeans have a smarter-looking approach to budget travel.
(The following statement was released by the rating agency) HONG KONG, May 19 (Fitch) Fitch Ratings has affirmed Hong Kong-based Swire Pacific Limited's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'A-' with a Stable Outlook. Fitch has also affirmed Swire Pacific's foreign-currency senior unsecured rating at 'A-'. A full list of rating actions is at the end of this commentary. The affirmation reflects the mixed performance of its subsidiaries, including the stable rental income of S
BRIEF-Capgemini supports Cathay Pacific Airways to transform its worldwide procurement and finance functions
* CAPGEMINI SUPPORTS CATHAY PACIFIC AIRWAYS TO TRANSFORM ITS WORLDWIDE PROCUREMENT AND FINANCE FUNCTIONS Source text: http://bit.ly/2rroFQO Further company coverage: (Gdynia Newsroom)
SHANGHAI Cathay Pacific Airways on Wednesday said Ivan Chu will step down as chief executive officer on May 1, and will be replaced by the airline's current Chief Operating Officer (COO) Rupert Hogg amid a wider reshuffle of the airline's leadership.
* Changes come as airline seeks to cut management costs (Adds analyst comment)