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SIA will also be running out of cash soon
- Thread starter LITTLEREDDOT
- Start date
wah biang eh this SIA really pull out all stops. what's next? a stock split?
How many more months can airlines suffer from this closure? The big countries US, China, India, indonesia have massive domestic market. So no worries.
Uplorry your ass.. Dream on sucker!
U can continue licking your mum's pussy..
Wakakakakakakaka.......
To buy new aircraft!!!??? At a time when air travel has been decimated by covid-19?
Singapore Airlines launches US dollar debt debut
The size of SIA's first US dollar bond deal has yet to be officially set but is expected to be a "benchmark" transaction.
ST PHOTO: KEVIN LIM
13 JAN 2021
HONG KONG (REUTERS) - Singapore Airlines (SIA) launched its first US dollar bond on Wednesday (Jan 13) to help fund the purchase of new aircraft, according to a term sheet seen by Reuters.
The size of the deal has yet to be officially set but is expected to be a "benchmark" transaction, which means it should raise at least US$300 million (S$396.8 million), according to a source with direct knowledge of the matter.
A final size will be calculated once investors have placed their orders, the person said. The source could not be named as the information had not yet been made public.
Investors have been told the initial price guidance for the 5½-year deal is set at the US Treasury yield plus 300 basis points.
The company held calls with investors in Asia and Europe on Monday to chart demand for the deal to go ahead, which will be the first of its kind for the airline.
The term sheet said the funds raised would be used for new aircraft purchases and "aircraft-related payments".
SIA has traditionally issued debt in its local currency but the deal, which cannot be sold to investors in the United States, will help the airline diversify its funding sources, according to people working on the deal, who were not authorised to speak to media.
The airline said on Monday that its December passenger capacity was down 81.3 per cent compared with the same time last year.
It said it expected its passenger levels by the end of March to be about 25 per cent of its pre-Covid-19 levels and that it would fly to nearly 45 per cent of its pre-crisis destinations.
Singapore Airlines launches US dollar debt debut
The size of SIA's first US dollar bond deal has yet to be officially set but is expected to be a "benchmark" transaction.
ST PHOTO: KEVIN LIM
13 JAN 2021
HONG KONG (REUTERS) - Singapore Airlines (SIA) launched its first US dollar bond on Wednesday (Jan 13) to help fund the purchase of new aircraft, according to a term sheet seen by Reuters.
The size of the deal has yet to be officially set but is expected to be a "benchmark" transaction, which means it should raise at least US$300 million (S$396.8 million), according to a source with direct knowledge of the matter.
A final size will be calculated once investors have placed their orders, the person said. The source could not be named as the information had not yet been made public.
Investors have been told the initial price guidance for the 5½-year deal is set at the US Treasury yield plus 300 basis points.
The company held calls with investors in Asia and Europe on Monday to chart demand for the deal to go ahead, which will be the first of its kind for the airline.
The term sheet said the funds raised would be used for new aircraft purchases and "aircraft-related payments".
SIA has traditionally issued debt in its local currency but the deal, which cannot be sold to investors in the United States, will help the airline diversify its funding sources, according to people working on the deal, who were not authorised to speak to media.
The airline said on Monday that its December passenger capacity was down 81.3 per cent compared with the same time last year.
It said it expected its passenger levels by the end of March to be about 25 per cent of its pre-Covid-19 levels and that it would fly to nearly 45 per cent of its pre-crisis destinations.
No need to ask for funds cos airline belongs to HC n co.....
stinkypura already infested with ceca and tiongs
158th media
no protests allowed
one party state
more and more FT pouring in
no sights
no scenery
no originality
no creativity
no initiative
your mothers fucked by all and sundry
your sisters fucked by all and sundry
your aunts fucked and groped by all and sundry
your daughters penetrated and squeezed by all and sundry
you are a true son of a bitch. a stinkyporean son of a whore slanty subhuman chink fucking your horny mother's cheebye.
nobody in the region gives a f*ck about teeny tiny dot sized pee-sai
outside the region most ppl can't even spot it on a map
it's totally insignificant and MUST collapse
the cina babi need to be taken to task for their intransigence and offences
as for tiongs, they are easily countered by ceca
pathetic subhuman slanties
with their infamous "china speed" which never ends, can't even fight, defeat, obliterate, eliminate, crush CECA no matter how many times pakis lick cina pork eaters' smelly dirty poisonous pigflu chink flu infested bum
and that's after more than 3 years of standoff
imagine
for the first time in the entire history of humanity
any country
any community
any nation
any population group
any religion
any linguistic group
any ethnicity
any political unit
or
any military
failed
to decimate
to crush
to obliterate
to erase
to eliminate
to eviscerate
a smaller bunch of CECA
a feat that has no parallel in history
indeed, the infamous "chink speed" or "china speed" as they like to boast about
the infamous speed, working at which, your work never ends
pathetic subhuman slanties
https://www.sammyboy.com/threads/gl...ry-says-aussie-thinktank.297920/#post-3302393
after more than 40 years of work at the infamous "china speed", tiong naval firepower at only 20% of yankees
with a population 4.5 times as big
if both countries had equal popn,
yankee naval firepower could be 20 times greater than tiong firepower
what a lousy nation
if u tink its only the commies that are lousy, you'd be dead wrong
subhuman slanties everywhere, at all times, under any circumstances are inferior
facts of life
tiongs + japs + gooks + taiwanese + all other slanties combined < 50% of yankee naval firepower
what a bunch of inferior subhuman slanties
spreading weird bat eater diseases eating bat shit monkey brains pig trotters snake soup shark fin tiger penis horse penis bird's nest and all sorts of other weird items
after more than 40 years of work at the infamous "china speed", tiong naval firepower at only 20% of yankees
with a population 4.5 times as big
if both countries had equal popn,
yankee naval firepower could be 20 times greater than tiong firepower
what a lousy nation
if u tink its only the commies that are lousy, you'd be dead wrong
subhuman slanties everywhere, at all times, under any circumstances are inferior
facts of life
tiongs + japs + gooks + taiwanese + all other slanties combined < 50% of yankee naval firepower
what a bunch of inferior subhuman slanties
spreading weird bat eater diseases eating bat shit monkey brains pig trotters snake soup shark fin tiger penis horse penis bird's nest and all sorts of other weird items
The
Makes me wonder who among the chinese that I interact daily has this family history.
Race + IQ = mental illness
The chinese tendency to save face in public is the most likely reasons incestuous rapes in chinese families are covered up even to this day.stinkypura already infested with ceca and tiongs
158th media
no protests allowed
one party state
more and more FT pouring in
no sights
no scenery
no originality
no creativity
no initiative
your mothers fucked by all and sundry
your sisters fucked by all and sundry
your aunts fucked and groped by all and sundry
your daughters penetrated and squeezed by all and sundry
you are a true son of a bitch. a stinkyporean son of a whore slanty subhuman chink fucking your horny mother's cheebye.
Makes me wonder who among the chinese that I interact daily has this family history.
Race + IQ = mental illness
The share price is not yet low enough that sharks will want to take it private.
Anyway it is a high risk proposal for any shark to take it private as there is not much value in dividing up the company.
Anyway it is a high risk proposal for any shark to take it private as there is not much value in dividing up the company.
Pure garbage! U should let your mom read it! LOLstinkypura already infested with ceca and tiongs
158th media
no protests allowed
one party state
more and more FT pouring in
no sights
no scenery
no originality
no creativity
no initiative
your mothers fucked by all and sundry
your sisters fucked by all and sundry
your aunts fucked and groped by all and sundry
your daughters penetrated and squeezed by all and sundry
you are a true son of a bitch. a stinkyporean son of a whore slanty subhuman chink fucking your horny mother's cheebye.
If Cathay Pacific needs $1 billion, likely that SIA will also need the same amount.
Cathay Pacific shares plunge after airline announces $1.15b bond sale to stem cash crisis
Like all major airlines, Cathay Pacific has seen its business evaporate during the coronavirus pandemic.PHOTO: AFP
28 JAN 2021
HONG KONG (AFP) - Shares in Hong Kong's marquee carrier Cathay Pacific plunged on Thursday (Jan 28) after the struggling airline unveiled a HK$6.7 billion (S$1.15 billion) bond sale to try to stem its rampant cash burn.
The firm tumbled as much as 9 per cent, days after it warned new quarantine measures planned for passenger and cargo crew arriving in Hong Kong would further hurt its finances.
Cathay Pacific said on Thursday that it would offer five-year bonds maturing in February 2026 that could also be converted into shares at a 30 per cent premium above the previous day's close.
Like all major airlines, Cathay Pacific has seen its business evaporate during the coronavirus pandemic but the Hong Kong carrier is especially vulnerable because it has no domestic market to fall back on.
It has been burning through cash at a rate of up to HK$1.5 billion a month but executives fear this will spike further if Hong Kong authorities make good on stricter quarantine controls for aircrew.
Currently, most arrivals into the city must quarantine in dedicated hotels for three weeks, although aircrew and other vital logistic jobs have exemptions.
But leaders have announced plans to enforce a two-week quarantine on all aircrew on long-distance cargo and passenger flights.
On Monday, Cathay Pacific said those measures would increase its cash burn by HK$300-400 million a month and force it to cut its already limited flight capacity by almost two-thirds.
The airline raised US$5 billion (S$6.66 billion) last summer - including a US$3.5 billion bailout from the Hong Kong government - to keep afloat during the pandemic. At the time, analysts said that money should last some 15 months.
But Thursday's bond announcement shows the airline is still haemorrhaging revenue at a time when the global travel industry remains on its knees even as vaccines for the coronavirus start to be rolled out.
Once one of Asia's largest operators, Cathay Pacific closed its Cathay Dragon subsidiary last year and made about 6,000 staff redundant in a bid to save cash.
Passenger numbers have been some 98 per cent below pre-pandemic levels since last April.
In December, what would once have been peak season, Cathay Pacific flew just 1,290 passengers every day, with most flights just 18 per cent full.
But even before the pandemic, the carrier was in a tight spot.
Months of huge and disruptive democracy protests in 2019 led to a plunge in customers, especially from the lucrative mainland Chinese market.
The airline also found itself punished by the authorities in Beijing because some of its employees joined or voiced support for the protests.
By the time the pandemic hit at the start of 2020, Hong Kong was already in recession and Cathay Pacific in the red.
Cathay Pacific shares plunge after airline announces $1.15b bond sale to stem cash crisis
Like all major airlines, Cathay Pacific has seen its business evaporate during the coronavirus pandemic.PHOTO: AFP
28 JAN 2021
HONG KONG (AFP) - Shares in Hong Kong's marquee carrier Cathay Pacific plunged on Thursday (Jan 28) after the struggling airline unveiled a HK$6.7 billion (S$1.15 billion) bond sale to try to stem its rampant cash burn.
The firm tumbled as much as 9 per cent, days after it warned new quarantine measures planned for passenger and cargo crew arriving in Hong Kong would further hurt its finances.
Cathay Pacific said on Thursday that it would offer five-year bonds maturing in February 2026 that could also be converted into shares at a 30 per cent premium above the previous day's close.
Like all major airlines, Cathay Pacific has seen its business evaporate during the coronavirus pandemic but the Hong Kong carrier is especially vulnerable because it has no domestic market to fall back on.
It has been burning through cash at a rate of up to HK$1.5 billion a month but executives fear this will spike further if Hong Kong authorities make good on stricter quarantine controls for aircrew.
Currently, most arrivals into the city must quarantine in dedicated hotels for three weeks, although aircrew and other vital logistic jobs have exemptions.
But leaders have announced plans to enforce a two-week quarantine on all aircrew on long-distance cargo and passenger flights.
On Monday, Cathay Pacific said those measures would increase its cash burn by HK$300-400 million a month and force it to cut its already limited flight capacity by almost two-thirds.
The airline raised US$5 billion (S$6.66 billion) last summer - including a US$3.5 billion bailout from the Hong Kong government - to keep afloat during the pandemic. At the time, analysts said that money should last some 15 months.
But Thursday's bond announcement shows the airline is still haemorrhaging revenue at a time when the global travel industry remains on its knees even as vaccines for the coronavirus start to be rolled out.
Once one of Asia's largest operators, Cathay Pacific closed its Cathay Dragon subsidiary last year and made about 6,000 staff redundant in a bid to save cash.
Passenger numbers have been some 98 per cent below pre-pandemic levels since last April.
In December, what would once have been peak season, Cathay Pacific flew just 1,290 passengers every day, with most flights just 18 per cent full.
But even before the pandemic, the carrier was in a tight spot.
Months of huge and disruptive democracy protests in 2019 led to a plunge in customers, especially from the lucrative mainland Chinese market.
The airline also found itself punished by the authorities in Beijing because some of its employees joined or voiced support for the protests.
By the time the pandemic hit at the start of 2020, Hong Kong was already in recession and Cathay Pacific in the red.
What's all the fuss about? This is expected, nothing new. Every airline on earth is going through the same thing now!If Cathay Pacific needs $1 billion, likely that SIA will also need the same amount.
Cathay Pacific shares plunge after airline announces $1.15b bond sale to stem cash crisis
Like all major airlines, Cathay Pacific has seen its business evaporate during the coronavirus pandemic.PHOTO: AFP
28 JAN 2021
HONG KONG (AFP) - Shares in Hong Kong's marquee carrier Cathay Pacific plunged on Thursday (Jan 28) after the struggling airline unveiled a HK$6.7 billion (S$1.15 billion) bond sale to try to stem its rampant cash burn.
The firm tumbled as much as 9 per cent, days after it warned new quarantine measures planned for passenger and cargo crew arriving in Hong Kong would further hurt its finances.
Cathay Pacific said on Thursday that it would offer five-year bonds maturing in February 2026 that could also be converted into shares at a 30 per cent premium above the previous day's close.
Like all major airlines, Cathay Pacific has seen its business evaporate during the coronavirus pandemic but the Hong Kong carrier is especially vulnerable because it has no domestic market to fall back on.
It has been burning through cash at a rate of up to HK$1.5 billion a month but executives fear this will spike further if Hong Kong authorities make good on stricter quarantine controls for aircrew.
Currently, most arrivals into the city must quarantine in dedicated hotels for three weeks, although aircrew and other vital logistic jobs have exemptions.
But leaders have announced plans to enforce a two-week quarantine on all aircrew on long-distance cargo and passenger flights.
On Monday, Cathay Pacific said those measures would increase its cash burn by HK$300-400 million a month and force it to cut its already limited flight capacity by almost two-thirds.
The airline raised US$5 billion (S$6.66 billion) last summer - including a US$3.5 billion bailout from the Hong Kong government - to keep afloat during the pandemic. At the time, analysts said that money should last some 15 months.
But Thursday's bond announcement shows the airline is still haemorrhaging revenue at a time when the global travel industry remains on its knees even as vaccines for the coronavirus start to be rolled out.
Once one of Asia's largest operators, Cathay Pacific closed its Cathay Dragon subsidiary last year and made about 6,000 staff redundant in a bid to save cash.
Passenger numbers have been some 98 per cent below pre-pandemic levels since last April.
In December, what would once have been peak season, Cathay Pacific flew just 1,290 passengers every day, with most flights just 18 per cent full.
But even before the pandemic, the carrier was in a tight spot.
Months of huge and disruptive democracy protests in 2019 led to a plunge in customers, especially from the lucrative mainland Chinese market.
The airline also found itself punished by the authorities in Beijing because some of its employees joined or voiced support for the protests.
By the time the pandemic hit at the start of 2020, Hong Kong was already in recession and Cathay Pacific in the red.
Investing should be based on earnings outlook but this apologist chose to ignore SIA's earnings outlook and focus on SIA's financial resources.
Quote: "Its latest numbers show that the company used up some S$400 million over the last two months - translating into a cash burn of S$200 million a month. This is a significant improvement from the S$350 million a month it burned through between April and September."
Only he can spin a tale of how losing $200 million a month is a positive development.
SIA still best capitalised airline after $8 billion spend
Singapore Airlines is sitting on around $5.3 billion in cash.ST PHOTO: KEVIN LIM
Ven Sreenivasan
Associate Editor
2 MAR 2021
SINGAPORE - Singapore Airlines remains the best capitalised carrier in the world despite spending S$8.1 billion since June.
As many of its biggest global rivals struggle to stay aloft, the national airline is sitting on around S$5.3 billion in cash.
SIA recently spent another S$1.1 billion, bringing to S$8.1 billion its total spending between June and the end of last month.
But it has raised S$13.4 billion since April 2020 via rights issues, mandatory convertible bonds and secured financing on aircraft.
It means that even after the latest draw-down, the airline still has cash reserves many rivals could only dream of. Emirates, for example has grounded 38 of its A380 super-jumbos and cancelled all orders for the Boeing 777x (an aircraft that SIA has just ordered). It has also asked all employees over 56 to retire.
Lufthansa plans to ground 72 planes, while closer to home, Thai Airways has filed for bankruptcy.
SIA - which is now putting more of its planes back into service following the pandemic - also has access to S$2.1 billion of credit lines, and can draw an additional S$6.2 billion of additional mandatory convertible bonds to be issued by July this year.
Its latest numbers show that the company used up some S$400 million over the last two months - translating into a cash burn of S$200 million a month. This is a significant improvement from the S$350 million a month it burned through between April and September.
Last month, the company also announced that it had deferred some S$4 billion in capital expenditure by pushing back aircraft deliveries to beyond 2023 and changing the composition of its new plane orders. It is finalising sale-and-leaseback transactions with its lessors.
In a statement issued last night via the SGX, the airline said it had implemented several measures to cut spending and conserve cash since the start of the pandemic. It added: "These include staff measures such as pay cuts across the board and a staff rationalisation exercise, agreements with suppliers and partners to reduce costs and reschedule payments, the deferral of non-essential projects, and tight controls on discretionary spending. Collectively, these measures have significantly reduced both our operating and capital expenditure since March 2020."
SIA now has 64 aircraft on its passenger service routes. There are also seven freighters and 24 passenger planes doing cargo-only flights. It is also refurbishing its fleet of A380s for re-commisioning into service by next year.
It expects to run at 25 per cent of pre-Covid capacity by the end of April, up from under 5 per cent during middle of last year.
Judging by SIA's stock price, the market seems to be responding to the improving operating numbers.
SIA closed at $5.24 yesterday, its highest level since early May 2020. It has gained 19 per cent over the past week.
Quote: "Its latest numbers show that the company used up some S$400 million over the last two months - translating into a cash burn of S$200 million a month. This is a significant improvement from the S$350 million a month it burned through between April and September."
Only he can spin a tale of how losing $200 million a month is a positive development.
SIA still best capitalised airline after $8 billion spend
Singapore Airlines is sitting on around $5.3 billion in cash.ST PHOTO: KEVIN LIM
Ven Sreenivasan
Associate Editor
2 MAR 2021
SINGAPORE - Singapore Airlines remains the best capitalised carrier in the world despite spending S$8.1 billion since June.
As many of its biggest global rivals struggle to stay aloft, the national airline is sitting on around S$5.3 billion in cash.
SIA recently spent another S$1.1 billion, bringing to S$8.1 billion its total spending between June and the end of last month.
But it has raised S$13.4 billion since April 2020 via rights issues, mandatory convertible bonds and secured financing on aircraft.
It means that even after the latest draw-down, the airline still has cash reserves many rivals could only dream of. Emirates, for example has grounded 38 of its A380 super-jumbos and cancelled all orders for the Boeing 777x (an aircraft that SIA has just ordered). It has also asked all employees over 56 to retire.
Lufthansa plans to ground 72 planes, while closer to home, Thai Airways has filed for bankruptcy.
SIA - which is now putting more of its planes back into service following the pandemic - also has access to S$2.1 billion of credit lines, and can draw an additional S$6.2 billion of additional mandatory convertible bonds to be issued by July this year.
Its latest numbers show that the company used up some S$400 million over the last two months - translating into a cash burn of S$200 million a month. This is a significant improvement from the S$350 million a month it burned through between April and September.
Last month, the company also announced that it had deferred some S$4 billion in capital expenditure by pushing back aircraft deliveries to beyond 2023 and changing the composition of its new plane orders. It is finalising sale-and-leaseback transactions with its lessors.
In a statement issued last night via the SGX, the airline said it had implemented several measures to cut spending and conserve cash since the start of the pandemic. It added: "These include staff measures such as pay cuts across the board and a staff rationalisation exercise, agreements with suppliers and partners to reduce costs and reschedule payments, the deferral of non-essential projects, and tight controls on discretionary spending. Collectively, these measures have significantly reduced both our operating and capital expenditure since March 2020."
SIA now has 64 aircraft on its passenger service routes. There are also seven freighters and 24 passenger planes doing cargo-only flights. It is also refurbishing its fleet of A380s for re-commisioning into service by next year.
It expects to run at 25 per cent of pre-Covid capacity by the end of April, up from under 5 per cent during middle of last year.
Judging by SIA's stock price, the market seems to be responding to the improving operating numbers.
SIA closed at $5.24 yesterday, its highest level since early May 2020. It has gained 19 per cent over the past week.
Cathay Pacific posts record $3.76b loss for pandemic-hit 2020, focuses on preserving cash
The airline in January issued HK$6.74 billion of convertible bonds to shore up liquidity.PHOTO: AFP
MAR 10, 2021
HONG KONG (REUTERS) - Hong Kong's Cathay Pacific Airways said on Wednesday (March 10) it was focused on preserving cash after it posted a record annual loss of HK$21.65 billion (S$3.76 billion), caused by the Covid-19 travel downturn, restructuring costs and fleet write-down.
The 2020 loss compared with 2019 profit of HK$1.69 billion was worse than an average forecast for a net loss of HK$19.9 billion by 13 analysts, according to Refinitiv.
"Market conditions remain challenging and dynamic," Cathay chairman Patrick Healy said in a statement. "All our cash preservation measures will continue unabated. Executive pay cuts will remain in place throughout 2021."
Cathay lacks a domestic market at a time when international borders are largely closed because of the coronavirus pandemic. Last December, Cathay's passenger numbers fell by 98.7 per cent compared with a year earlier, though cargo carriage was down by a smaller 32.3 per cent.
Nearly 60 per cent of its 2020 revenue of HK$47.9 billion was from its cargo operations, up from around 20 per cent in 2019.
The airline said in January it would cut passenger capacity by 60 per cent and cargo capacity by 25 per cent as a result of new rules that required crew to quarantine for two weeks in hotels before returning to normal life in Hong Kong that took effect on Feb 20.
As a result, Cathay has put most crew on voluntary rosters of three weeks flying, two weeks in a hotel and two weeks off at home.
Cathay said the quarantine rules would increase cash burn by about HK$300 million to HK$400 million per month, on top of earlier HK$1 billion to HK$1.5 billion levels.
The airline in January issued HK$6.74 billion of convertible bonds to shore up liquidity.
Cathay in October last year said it would cut 5,900 jobs to help it weather the pandemic, including nearly all of the positions at its regional airline Cathay Dragon, which it shut down.
Bocom International analyst Luya You said the prospect of further job cuts was rising, as a slower-than-expected vaccine roll-out in key markets dimmed the outlook for the second half of 2021.
"As in 2020, we expect Cathay to make decisions regarding any further cuts to come in the second quarter once the second-half outlook becomes clearer," she said.
The airline in January issued HK$6.74 billion of convertible bonds to shore up liquidity.PHOTO: AFP
MAR 10, 2021
HONG KONG (REUTERS) - Hong Kong's Cathay Pacific Airways said on Wednesday (March 10) it was focused on preserving cash after it posted a record annual loss of HK$21.65 billion (S$3.76 billion), caused by the Covid-19 travel downturn, restructuring costs and fleet write-down.
The 2020 loss compared with 2019 profit of HK$1.69 billion was worse than an average forecast for a net loss of HK$19.9 billion by 13 analysts, according to Refinitiv.
"Market conditions remain challenging and dynamic," Cathay chairman Patrick Healy said in a statement. "All our cash preservation measures will continue unabated. Executive pay cuts will remain in place throughout 2021."
Cathay lacks a domestic market at a time when international borders are largely closed because of the coronavirus pandemic. Last December, Cathay's passenger numbers fell by 98.7 per cent compared with a year earlier, though cargo carriage was down by a smaller 32.3 per cent.
Nearly 60 per cent of its 2020 revenue of HK$47.9 billion was from its cargo operations, up from around 20 per cent in 2019.
The airline said in January it would cut passenger capacity by 60 per cent and cargo capacity by 25 per cent as a result of new rules that required crew to quarantine for two weeks in hotels before returning to normal life in Hong Kong that took effect on Feb 20.
As a result, Cathay has put most crew on voluntary rosters of three weeks flying, two weeks in a hotel and two weeks off at home.
Cathay said the quarantine rules would increase cash burn by about HK$300 million to HK$400 million per month, on top of earlier HK$1 billion to HK$1.5 billion levels.
The airline in January issued HK$6.74 billion of convertible bonds to shore up liquidity.
Cathay in October last year said it would cut 5,900 jobs to help it weather the pandemic, including nearly all of the positions at its regional airline Cathay Dragon, which it shut down.
Bocom International analyst Luya You said the prospect of further job cuts was rising, as a slower-than-expected vaccine roll-out in key markets dimmed the outlook for the second half of 2021.
"As in 2020, we expect Cathay to make decisions regarding any further cuts to come in the second quarter once the second-half outlook becomes clearer," she said.
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