News / With cargo still under pressure, Cathay Pacific chief demands spending cuts

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Cathay Pacific, which next week will receive its first A350-900, is looking to cut costs in all departments as revenues come under growing pressure – despite an April revival in cargo.

Chief executive Ivan Chu told staff last week that “business challenges have become more acute in recent weeks, with continued pressure on the cargo side being compounded by a weakening trend in the passenger business”.

Blaming a tourist slump in Hong Kong, combined with tough competition and a weak global economy, ...