Hong Kong Hub Puts Cathay in Tighter Spot Than Singapore Air
- Cathay and Singapore Airlines slash jobs to weather pandemic
- Both rely on international travel as have no domestic market
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They’re both pillars of their economies, highly regarded by customers and totally reliant on international travel. They’re also in deep financial strife and shedding thousands of jobs because of the virus crisis.
Cathay Pacific Airways Ltd. and Singapore Airlines Ltd. have stood out for over half a century as aviation powerhouses, prestigious brands atop a lucrative market fueled by Asia’s economic boom. The pandemic has severely hurt the pair, but Hong Kong-based Cathay is likely in a tougher spot, analysts say.