Cathay Pacific to slash 5,900 jobs, end Cathay Dragon brand due to Covid-19

Hong Kong’s Cathay Pacific Airways said on Wednesday it would slash 5,900 jobs and end its regional Cathay Dragon brand, joining peers in cutting costs as it grapples with a plunge in demand due to the coronavirus pandemic.

The airline would also seek changes in conditions in its contracts with cabin crew and pilots as part of a restructuring that would cost HK$2.2 billion (RM1.2 billion), it told the stock exchange...