Covid-19 Impact: 12 airlines that did not survive the pandemic

Hong Kong’s Cathay Pacific Airways Ltd is the latest airline to be hit hard by the crippling impact of the ongoing coronavirus pandemic. In an attempt to stay afloat, the city’s de facto flag carrier has announced that it is slashing more than 5,000 jobs and closing its regional Cathay Dragon brand.

But Cathay Pacific is not the only airline that has had to resort to such drastic measures to survive over the last few months. Nearly thirty airlines across the world have folded or filed for bankruptcy during the pandemic. The list of carriers that have had to cut salaries and lay off employees is even longer.