Cathay Pacific has asked it’s 27,000 employees to take 3 weeks of unpaid leave from work to help the airline stay afloat during this rough financial time with the Coronavirus.
In a video message to employees on Wednesday, CEO Augustus Tang told employees that the current situation is as grave as the 2009 financial crisis.
Cathay Pacific has announced a 90% reduction in capacity on flights to China, and a 30% reduction in other flights across the world.
Employees have been asked to take “special leave” between March 1st and June 30th. “Preserving cash is the key to protecting our business,” the airline said.