You are here: Home » International » News » Companies
Business Standard

Hong Kong's Cathay Pacific axes flights to New York, London, Washington

Cathay Pacific has axed seven loss-making international routes, including New York, Washington, Brussels and London, as they were all losing money in the wake of flight suspensions due to the Covid-19

Topics
Cathay Pacific | Hong Kong | airlines

IANS  |  Hong Kong 

Photo: Reuters
Photo: Reuters

flag carrier has axed seven loss-making routes, including New York, Washington, Brussels and London, as they were all losing money in the wake of flight suspensions due to the Covid-19 pandemic, a source said on Tuesday.

The source, however told the South China Morning Post newspaper that although the axed routes would definitely not return next year, they could be reinstated once global travel returns to normal, which according to industry officials might not happen until 2024.

The decision means the airline will no longer fly to the US capital, as well as Newark airport near New York, and London Gatwick.

Flights to Seattle and Dublin have also been cut, as has Cathay's service to the Maldives.

But Cathay's services to London Heathrow and JFK in New York were still in operation.

This latest development comes almost two months after Cathay CEO Augustus Tang Kin-wing had said in September that the restructuring of routes would be high on the agenda for its strategic review, which led to 5,900 workers losing their jobs in October, and the closure of its regional airline Cathay Dragon.

Pilots and cabin crew were also hit with massive pay cuts.

was one of the first and hardest hit by the ongoing global health crisis, the South China Morning Post newspaper report said.

The airline racked up losses of HK$9.87 billion in the first six-months of this year, leading to a government-led HK$39 billion bailout.

--IANS

ksk/

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, November 17 2020. 11:34 IST
RECOMMENDED FOR YOU
.