Stock Market News

Cathay Pacific union warns of higher fares caused by fewer staff

2022.10.06 01:33



© Reuters. FILE PHOTO: A Cathay Pacific aircraft takes off at the airport, during the coronavirus disease (COVID-19) pandemic in Hong Kong, China, March 31, 2022. REUTERS/Tyrone Siu

(Reuters) -Cathay Pacific Airways Ltd faces unprecedented staffing and training shortages that will keep airfares high and threaten Hong Kong’s resumption of its role as a global aviation hub, a pilots’ union said on Thursday.

“Cathay Pacific … is currently facing unprecedented staffing and training shortages,” the Hong Kong Aircrew Officers Association (HKAOA) said.

A record number of resignations by the company’s most experienced pilots leaves the airline unprepared to fully resume operations and failing to meet resurgent demand, it added in a statement.

Cathay did not immediately respond to a request for comment.

Last month, the airline said it expected to reach a third of pre-pandemic passenger capacity by year-end, exceeding its previous estimate of a quarter, after crew quarantine rules were eased.

Cathay said the process was gradual as it needed a substantial amount of crew training and reactivating of stored aircraft.

Pilot attrition has been higher than normal after more than two years of onerous quarantine norms, combined with permanent pay cuts of as much as 58%.

Until the global financial hub relaxed COVID-19 curbs on Tuesday, Cathay crew on layovers overseas had to keep to their hotel rooms.

They must still wear masks on layovers except while eating and drinking and must avoid mass gatherings or crowded places, such as bars.



Source link

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 75,830.32 0.57%
vested-xor
Vested XOR (VXOR) $ 3,405.08 99,999.99%
ethereum
Ethereum (ETH) $ 2,909.88 2.93%
tether
Tether (USDT) $ 1.00 0.03%
solana
Solana (SOL) $ 197.12 3.18%
bnb
BNB (BNB) $ 598.97 1.08%
usd-coin
USDC (USDC) $ 0.999565 0.03%
xrp
XRP (XRP) $ 0.551732 0.94%
staked-ether
Lido Staked Ether (STETH) $ 2,907.74 2.81%
dogecoin
Dogecoin (DOGE) $ 0.192371 3.94%
cardano
Cardano (ADA) $ 0.413718 10.49%
tron
TRON (TRX) $ 0.160273 1.20%
the-open-network
Toncoin (TON) $ 4.90 0.76%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,448.12 3.18%
avalanche-2
Avalanche (AVAX) $ 27.44 1.23%
shiba-inu
Shiba Inu (SHIB) $ 0.000019 2.55%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 75,818.31 0.69%
weth
WETH (WETH) $ 2,912.74 3.13%
chainlink
Chainlink (LINK) $ 12.64 0.92%
bitcoin-cash
Bitcoin Cash (BCH) $ 377.24 1.75%
sui
Sui (SUI) $ 2.31 0.61%
polkadot
Polkadot (DOT) $ 4.14 1.12%
leo-token
LEO Token (LEO) $ 6.33 1.02%
usds
USDS (USDS) $ 1.00 0.36%
litecoin
Litecoin (LTC) $ 71.37 0.03%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,060.14 3.05%
uniswap
Uniswap (UNI) $ 8.89 5.27%
near
NEAR Protocol (NEAR) $ 4.23 2.21%
aptos
Aptos (APT) $ 9.64 1.33%
pepe
Pepe (PEPE) $ 0.000011 3.42%
bittensor
Bittensor (TAO) $ 505.10 5.82%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.41 2.46%
internet-computer
Internet Computer (ICP) $ 7.74 3.93%
dai
Dai (DAI) $ 0.999523 0.03%
stellar
Stellar (XLM) $ 0.101155 2.82%
monero
Monero (XMR) $ 163.90 0.62%
ethereum-classic
Ethereum Classic (ETC) $ 20.05 2.02%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.06%
kaspa
Kaspa (KAS) $ 0.113562 7.15%
whitebit
WhiteBIT Coin (WBT) $ 19.66 1.89%
aave
Aave (AAVE) $ 181.21 3.02%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.344354 0.03%
blockstack
Stacks (STX) $ 1.67 4.02%
crypto-com-chain
Cronos (CRO) $ 0.090862 5.60%
okb
OKB (OKB) $ 40.11 0.35%
dogwifcoin
dogwifhat (WIF) $ 2.40 1.90%
first-digital-usd
First Digital USD (FDUSD) $ 0.99969 0.03%
arbitrum
Arbitrum (ARB) $ 0.578939 0.07%
filecoin
Filecoin (FIL) $ 3.72 2.21%
mantle
Mantle (MNT) $ 0.655666 7.14%