Why cathay pacific

In July, it reported a fall of But its air cargo business has performed better than before the pandemic. Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox. More from Reuters.

Or, if you are already a subscriber Sign in. Other options. Close drawer menu Financial Times International Edition. Search the FT Search. World Show more World. US Show more US. Companies Show more Companies. Markets Show more Markets. Opinion Show more Opinion. However, we remain absolutely confident in the long-term future and competitive position of our airlines," the airline's chairman Patrick Healy said. In October, Cathay Pacific announced it would close its subsidiary Cathay Dragon, a regional carrier flying mainly to mainland China and other Asian destinations.

The beleaguered carrier also announced it would cut an additional 8, jobs, amounting to about a quarter of its staff. About 2, of those jobs were already unfilled because of a hiring freeze and the closure of some overseas operations.