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Cathay Pacific to cut jobs, undergo major overhaul

Hong Kong carrier acts to reverse slump in profit margins and share price under CEO Ivan Chu

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Cathay is looking at ways to pare costs as mounting competition from Chinese and Middle Eastern carriers have eaten into its premium long-haul customer base.

Singapore

CATHAY Pacific Airways will cut jobs and conduct its biggest revamp in two decades as Hong Kong's marquee airline attempts to reverse a slump in profit margins and share price under chief executive officer Ivan Chu.

Changes at Asia's biggest international airline "will...

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