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Hong Kong airlines, hotels devastated by coronavirus
Hong Kong reports first death due to coronavirus
The first death due to coronavirus outside of mainland China has been reported in Hong Kong.
Hong Kong-based airlines and hotels are being hurt by the deadly coronavirus outbreak, which has taken over 2,700 lives at the time of publication, according to the Johns Hopkins research team’s live tracker. A total of 89 confirmed cases are in Hong Kong, two of which have resulted in deaths that are concerning the residents of the administrative region of China.
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Cathay Pacific, Hong Kong’s flagship airline warned its business conditions are “acute” as of Wednesday with 25,000 employees choosing to take unpaid leave regarding the disease, according to a recent report from the South China Morning Post.
CATHAY PACIFIC AIRWAYS LTD
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The company’s CEO, Augustus Tang Kin Wing, reportedly said frontline and head office employees, overseas operators and subsidiaries have responded to Cathay Pacific’s appeal to conserve cash. Insiders told the South China Morning Post that around 75 percent of the airlines 33,300 employees volunteered to help. Two-thirds of Cathay Pacific’s aircrew are said to have opted for unpaid leave.
A separate memo from Cathay Pacific noted that “most” employees in the company’s subsidiary units such as the Asia Miles loyalty program, the Air Hong Kong cargo carrier, the recently acquired HK Express budget airline and its catering and cargo terminal businesses elected for unpaid leave as well, according to the report.