News > Cathay Pacific to cut 5,900 jobs, end Cathay Dragon brand due to pandemic

Cathay Pacific to cut 5,900 jobs, end Cathay Dragon brand due to pandemic

Hong Kong's Cathay Pacific Airways Ltd said on Wednesday it would cut 5,900 jobs and end its regional Cathay Dragon brand as it grapples with a plunge in demand from the coronavirus pandemic.

"The future remains highly uncertain and it is clear that recovery is slow," Cathay said in a statement, citing the International Air Transport Association's expectation it will take until 2024 for passenger traffic to recover to pre-COVID-levels.