Hong Kong Airlines lays off more than 100 people, cancels mainland flights

Financial news

Written by: Lin Leqian and Yue Ting

2020-01-31 18:47

The outbreak of pneumonia in Wuhan has been reported. According to the South China Morning Post, Hong Kong Airlines plans to lay off more than 100 people. Due to the cancellation of flights to the Mainland, it is expected that the revenue of air tickets will decrease significantly, which will increase the instability of the company's financial situation. The crew will be the group most threatened by layoffs.

It is reported that there are currently about 3,500 employees of Hong Kong Airlines. Although the company received cash assistance last year, it was still forced to take prompt action in the new financial crisis. Creditors have asked Hong Kong Airlines to pay overdue service fees and the AA has also detained Several aircraft of the company.

About 40% of Hong Kong Airlines' daily flights to the Mainland. Cancellation of related flights will seriously hurt the company's passenger capacity. As of the beginning of this year, the number of its fleet has been reduced from 39 to 28, and the crew has been reduced from 1,926 to 1,573 at the beginning of last year. The Hong Kong Airlines pilots have also increased the risk of layoffs due to the highest salary, or there are about 200 flight attendants. Personnel face layoffs.

A spokesperson for Hong Kong Airlines stated that the company has been reviewing the demand for crew members and general employees as part of a continuous integration plan to achieve a more streamlined and effective structure. It will manage human resources from time to time to ensure that it can cooperate Adjusted flight frequency and fleet optimization.

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