SYDNEY, Oct 19 (Reuters) – Hong Kong’s Cathay Pacific Airways Ltd 0293.HK mentioned on Monday it expects to function lower than 50% of its pre-pandemic passenger flight capability in 2021 because it nears completion of a strategic assessment that might result in main job losses.
The airline mentioned it deliberate to function round 10% of its pre-pandemic capability for the rest of 2020, with most borders remaining closed.
“Among the many a number of eventualities studied, this one is already probably the most optimistic that we are able to responsibly undertake at this second,” Cathay mentioned within the launch of its month-to-month site visitors figures to the inventory alternate.
(Reporting by Jamie Freed; Modifying by Himani Sarkar)
((Jamie.Freed@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.