{"id":379848,"date":"2020-10-22T09:16:07","date_gmt":"2020-10-22T03:46:07","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=379848"},"modified":"2020-10-22T11:47:09","modified_gmt":"2020-10-22T06:17:09","slug":"cathay-pacific-sees-a-discount-path-to-survival","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cathay-pacific-sees-a-discount-path-to-survival\/","title":{"rendered":"Cathay Pacific sees a discount path to survival"},"content":{"rendered":"<p>For an airline built in an era of globe-spanning cosmopolitanism, a pandemic that\u2019s shut the world\u2019s borders is particularly brutal. <\/p>\n<p>No wonder Cathay Pacific Airways Ltd. is struggling. Just four months after receiving a HK$40.95 billion ($5.3 billion) bailout package from Hong Kong\u2019s government, the carrier is planning to cut a quarter of its workforce and close the Cathay Dragon shorter-haul brand that it has operated since the 1990s. <\/p>\n<p>Remaining Hong Kong-based crew will be asked to agree to changes \u201cto match remuneration more closely to productivity and to enhance market competitiveness,\u201d Cathay said in a statement Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For an airline built in an era of globe-spanning cosmopolitanism, a pandemic that\u2019s shut the world\u2019s borders is particularly brutal. No wonder Cathay Pacific Airways Ltd. is struggling. Just four months after receiving a HK$40.95 billion ($5.3 billion) bailout package from Hong Kong\u2019s government, the carrier is planning to cut a quarter of its workforce and close the Cathay Dragon shorter-haul brand that it has operated since the 1990s. Remaining Hong Kong-based crew will be asked to agree to changes \u201cto match remuneration more closely to productivity and to enhance market competitiveness,\u201d Cathay said in a statement Wednesday.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176,146,130],"tags":[],"class_list":["post-379848","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/379848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=379848"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/379848\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=379848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=379848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=379848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}