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Hong Kong’s Cathay Pacific aims for ‘survival’ as it grounds two-fifths of passenger fleet amid Covid-19 collapse in air travel

Hong Kong’s Cathay Pacific has grounded two-fifths of its passenger fleet for the “foreseeable future”, warning it will not survive Covid-19 unless it restructures and adapts for a post-pandemic future.Executive director Ronald Lam Siu-por said it was clear the 73-year-old airline was “facing a long and uncertain road to recovery” as it planned a sweeping restructuring that could be unveiled as soon as next month.The beleaguered flag carrier on Monday revealed its planes were just 19.9 per cent…

Read the original article at South China Morning Post

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