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Cathay Pacific turns to old playbook for virus crisis amid employee resistance

Leaning on its SARS experience, Hong Kong's Cathay Pacific Airways Ltd has slashed flights, asked staff to take unpaid leave and is re-assessing its fleet as it battles an epidemic and a crisis of morale after pro-democracy protests......»»

Category: topSource: reutersFeb 14th, 2020

Cathay Pacific asks employees to take unpaid leave as virus hits demand

Hong Kong's Cathay Pacific Airways Ltd has asked all its 27,000 employees to take three weeks of unpaid leave in coming months as it battles a fall in demand caused by a virus outbreak, the company said on Wednesday......»»

Category: topSource: reutersFeb 5th, 2020

Cathay Pacific to cut global capacity by 30% amid coronavirus epidemic

Hong Kong's Cathay Pacific Airways Ltd plans to cut 30% of its global capacity over the short-term, including 90% of capacity to mainland China as it grapples with a sharp fall in demand due to the coronovirus epidemic, its CEO said on Tuesday......»»

Category: topSource: reutersFeb 4th, 2020

"Significant threat" to Chinese economic growth amid virus outbreak

Asia Pacific markets suffer heavy losses as death toll rises, with Chinese index closed until 3 February.....»»

Category: topSource: moneycentralJan 28th, 2020

Cathay says cabin crew can wear masks on mainland China flights due to virus

Hong Kong's Cathay Pacific Airways Ltd will allow cabin crew to wear a surgical mask while operating mainland China flights due to concerns over a new coronavirus, and passengers to Wuhan to change or cancel flights without charge through Feb. 15......»»

Category: topSource: reutersJan 22nd, 2020

Cathay Pacific shelves U.S. dollar bond plans amid Hong Kong unrest

Cathay Pacific Airways Ltd has shelved plans for its first U.S. dollar debt deal in 23 years, the airline said on Friday, after sources told Reuters that global investors had baulked at the pricing due to civil unrest in Hong Kong......»»

Category: topSource: reutersOct 18th, 2019

Cathay Pacific freezes new hiring, to focus on cost cuts: memo

Cathay Pacific Airways Ltd has put a freeze on new hiring, according to an internal memo seen by Reuters, as the airline battles a slump in demand from fliers avoiding Hong Kong amid massive anti-government protests in the city......»»

Category: topSource: reutersSep 12th, 2019

Cathay Pacific CEO resigns amid Beijing pressure

It came after the firing of two Cathay Pacific pilots previously suspended for their role in the Hong Kong protests......»»

Category: topSource: washpostAug 16th, 2019

Cathay Pacific CEO Resigns Amid Pressure From Beijing Over Hong Kong Protests

The Hong Kong carrier faced pressure over employees' participation in protests (HONG KONG) — The CEO of Cathay Pacific Airways has resigned following pressure by Beijing .....»»

Category: topSource: timeAug 16th, 2019

Cathay Pacific Airways CEO resigns amid mounting Chinese scrutiny

Cathay Pacific Airways said CEO Rupert Hogg had resigned and named Augustus Tang as the new chief following a week of scrutiny by the Chinese aviation regulator......»»

Category: topSource: moneycentralAug 16th, 2019

Cathay Pacific Airways CEO resigns amid mounting Chinese scrutiny

Cathay Pacific Airways said CEO Rupert Hogg had resigned and named Augustus Tang as the new chief following a week of scrutiny by the Chinese aviation regulator......»»

Category: topSource: moneycentralAug 16th, 2019

Cathay Pacific hit by Hong Kong protest links

Cathay Pacific shares slumped Monday amid signs the Hong Kong airline is struggling to avoid being dragged into the city's political unrest. Julian Satterthwaite reports......»»

Category: topSource: moneycentralAug 12th, 2019

Cathay Pacific forward bookings drop amid Hong Kong protests

Cathay Pacific is facing a decline in forward bookings for travel to Hong Kong "in the region of double digits" due to widespread protests in the Asian financial centre, a senior company executive said on Wednesday. David Pollard reports......»»

Category: videoSource: reutersAug 7th, 2019

Trump"s UK visit turns to Brexit, Huawei amid London protests

On day two of a state visit to the UK, Donald Trump looks set to plunge into Britain's Brexit crisis, and is also likely to demand that Prime Minister Theresa May's successor ban China's Huawei from 5G networks. Mia Womersley reports.....»»

Category: videoSource: reutersJun 4th, 2019

Cathay Pacific executives grilled over data breach "crisis"

Cathay Pacific Airways said on Wednesday it is working with 27 regulators in 15 jurisdictions to investigate a data breach that affected millions of passengers, as Hong Kong lawmakers grilled executives over how it handled the incident......»»

Category: topSource: reutersNov 14th, 2018

Euro: USD/EUR (EUR=X) tumbles from key trendline resistance

Euro: USD/EUR (EUR=X) tumbles from key trendline resistance EUR/USDĀ managed to fall sharply yesterday, amid a burgeoning fiscal crisis in France. Interestingly, we saw the price respect the descending trendline that seemed to be negated on .....»»

Category: topSource: livetradingnewsDec 13th, 2018

Seattle tour operator May Zhang watches her business from China evaporate amid coronavirus

Seattle May Travel, Zhang's company, is just one of a number of Puget Sound region businesses to be sideswiped by the fallout from the global virus outbreak......»»

Category: topSource: bizjournals3 hr. 39 min. ago

18 Medical Stocks To Watch Amid The Coronavirus Outbreak

Airlines, hotels, casinos and other stocks continue to fall as fear of the coronavirus grows worldwide and all but halts activity in the virus epicenter of Wuhan, China. read more.....»»

Category: blogSource: benzinga4 hr. 9 min. ago

Dow dives 700 points as bond yields drop amid virus fears

Stocks continued their rou.....»»

Category: topSource: moneycentral4 hr. 9 min. ago

Dow dives 800 points as bond yields drop amid virus fears

Stocks continued their rou.....»»

Category: topSource: moneycentral4 hr. 54 min. ago

Economist warns not to buy market drop amid virus fears

Disruptions to earnings and the economy from "shock" events such as the coronavirus tend to stick around longer than more fundamental downturns, the Allianz chief economic advisor said......»»

Category: topSource: moneycentral8 hr. 54 min. ago