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Generalized slump for air transport

2020-10-22T17:55:21.612Z


Asian, American and European companies announce reductions in flights.The results of the week are heavy for air transport, which continues to pay a heavy price for the health crisis. The new travel restrictions, which are increasing because of the second wave of the epidemic, are a disaster for many companies, which are forced to intensify the restructuring. On Wednesday, Cathay Pacific announced the closure of its regional company Cathay Dragon and the elimination


The results of the week are heavy for air transport, which continues to pay a heavy price for the health crisis.

The new travel restrictions, which are increasing because of the second wave of the epidemic, are a disaster for many companies, which are forced to intensify the restructuring.

On Wednesday, Cathay Pacific announced the closure of its regional company Cathay Dragon and the elimination of 8,500 jobs, which will result in 6,000 layoffs.

In a statement, the Hong Kong airline, founded in 1985, also explains that it will change the terms of the contract of its pilots and flight attendants - including implementing a significant reduction in wages.

The company estimates that it will only use 50% of its capacity during the whole of 2021.

“It is the most difficult year in the history of Cathay Pacific

, explained the CEO of the company. , Patrick Healy, at an online press conference Wednesday.

The crisis is over

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Source: lefigaro

All business articles on 2020-10-22

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