News / Cathay Pacific in major restructure to find a way "to survive and thrive'

© Ryan Fletcher

Cathay Pacific is to park 40% of its fleet and undergo a major restructure – once it has determined what “size and shape” will allow it to “survive and thrive in this new environment”.

“We simply will not survive unless we adapt our airlines for the new travel market,” said Cathay Pacific group chief customer and commercial officer Ronald Lam, as the carrier revealed it flew just 8% of its normal capacity in August, with passenger load factors down to less ...