By: Air Traveller PH Staff
The 2019 Novel Coronavirus (2019-nCoV) is now even taking a toll on airlines. Hong Kong based airline Cathay Pacific is encouraging its 27,000 employees to take a three-week leave without pay in a bid to save money amid the 2019-nCoV outbreak.The airline is slashing its capacity by 30% as travel demand to and from the region is falling.
Cathay Pacific was also hit hard by the Hong Kong protests and political unrest which resulted to annoucing plans to cut capacity by 1.4% in 2020.
In a report by FlightGlobal, Cathay Pacific in a statement said, "Preserving cash is the key to protecting our business.”
“We have already been taking multiple measures to achieve this. Today, we are appealing to all employees to participate in the special leave scheme (SLS), which will take effect from 1 March and last until 30 June. All employees will have the option to take three weeks of unpaid leave in this period," it said.
The airline has cut 90% of its flights to and from mainland China as a result of the outbreak.
Cathay Pacific however has maintained that its current financial position remains strong and that these reductions are only temporary for now.