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Senior Executives Resign From Cathay Pacific Amid Covid Battle
Shirley Zhao, Bloomberg News The Cathay Pacific Airways Ltd. logo is displayed on a building at Cathay Pacific City, the company s headquarters, in Hong Kong, China, on Wednesday, Oct. 21, 2020. Hong Kongâs Cathay Pacific will slash more than 5,000 jobs and close a regional carrier, the latest airline to enact a sweeping restructuring as the virusâs resurgence in the U.S. and Europe and the lack of a vaccine underscore the ongoing uncertainty in global aviation. Photographer: Roy Liu/Bloomberg , Bloomberg
(Bloomberg) Two senior executives at Cathay Pacific Airways Ltd. have resigned, as the Hong Kong-based carrier continues to battle its way through the coronavirus pandemic with severely reduced flight capacity.