You are here

Cathay Pacific shares jump 1.8% after cost cutting memo

41910887 - 15_03_2017 - HONG KONG CATHAY PACIFIC ANNUAL RESULTS.jpg
Shares in Cathay Pacific rose 1.8 per cent in early morning trading on Friday after Reuters reported that the airline had told staff that it plans to cut the cost of middle and senior management roles at its Hong Kong head office by 30 per cent.

[SHANGHAI] Shares in Cathay Pacific rose 1.8 per cent in early morning trading on Friday after Reuters reported that the airline had told staff that it plans to cut the cost of middle and senior management roles at its Hong Kong head office by 30 per cent.

Information about the cuts, detailed in an internal memo seen by Reuters, was sent out a day after the airline reported its first annual loss since 2008.

REUTERS

sentifi.com

Market voices on:

Powered by GET.comGetCom