20,000 Hong Kong airline staff asked to take unpaid leave
April 17th, 2009 - 3:05 pm
Hong Kong, April 17 (DPA)
Hong Kong’s leading airlines Cathay Pacific and Dragonair Friday invited nearly 20,000 employees to take between one and four weeks of unpaid leave as part of a raft of cost-cutting measures.
Flight frequencies or seat capacity would be reduced on flights to Mumbai, London, Paris, Frankfurt, Sydney, Singapore, Bangkok, Seoul, Taipei, Tokyo, and Dubai, Cathay Pacific announced.
Dragonair will cut its passenger capacity by 13 percent, reducing its services to Bengaluru, Busan, Sanya and Shanghai and suspending services to Fukuoka, Dalian, Shenyang, Guilin and Xian.
The sister airlines announced that they would cut flight schedules, axing some Dragonair flights to mainland China and cutting Cathay Pacific’s London flight schedule by 17 a month upwards.
The cost-cutting moves came as the airlines announced that first quarter revenue on Cathay Pacific and Dragonair for passenger and cargo services fell 22.4 percent from 2008.
Cathay Pacific said it would cut passenger capacity by 8 percent and overall cargo by 11 percent from May in response to the downturn.
All staff would, meanwhile, be invited to take between one and four weeks unpaid leave depending on seniority, although the airline stressed the leave would not be mandatory.
April 17th, 2009 - 3:05 pm
Hong Kong, April 17 (DPA)
Hong Kong’s leading airlines Cathay Pacific and Dragonair Friday invited nearly 20,000 employees to take between one and four weeks of unpaid leave as part of a raft of cost-cutting measures.
Flight frequencies or seat capacity would be reduced on flights to Mumbai, London, Paris, Frankfurt, Sydney, Singapore, Bangkok, Seoul, Taipei, Tokyo, and Dubai, Cathay Pacific announced.
Dragonair will cut its passenger capacity by 13 percent, reducing its services to Bengaluru, Busan, Sanya and Shanghai and suspending services to Fukuoka, Dalian, Shenyang, Guilin and Xian.
The sister airlines announced that they would cut flight schedules, axing some Dragonair flights to mainland China and cutting Cathay Pacific’s London flight schedule by 17 a month upwards.
The cost-cutting moves came as the airlines announced that first quarter revenue on Cathay Pacific and Dragonair for passenger and cargo services fell 22.4 percent from 2008.
Cathay Pacific said it would cut passenger capacity by 8 percent and overall cargo by 11 percent from May in response to the downturn.
All staff would, meanwhile, be invited to take between one and four weeks unpaid leave depending on seniority, although the airline stressed the leave would not be mandatory.
