{"id":118993,"date":"2020-10-22T13:59:32","date_gmt":"2020-10-22T06:59:32","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/cathay-pacific-job-cuts-will-hit-hong-kong-housing-market-as-axed-pilots-cabin-crew-move-away-or-downsize-say-analysts\/"},"modified":"2020-10-22T14:05:04","modified_gmt":"2020-10-22T07:05:04","slug":"cathay-pacific-job-cuts-will-hit-hong-kong-housing-market-as-axed-pilots-cabin-crew-move-away-or-downsize-say-analysts","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cathay-pacific-job-cuts-will-hit-hong-kong-housing-market-as-axed-pilots-cabin-crew-move-away-or-downsize-say-analysts\/","title":{"rendered":"Cathay Pacific job cuts will hit Hong Kong housing market as axed pilots, cabin crew move away or downsize, say analysts"},"content":{"rendered":"


\nThe massive job cuts at Cathay Pacific, Hong Kong\u2019s flagship carrier, are likely to further drag down the city\u2019s flagging property market, with districts close to the airport potentially facing steep cuts in home prices and rents, according to analysts.The embattled airline\u2019s announcement on Tuesday that 5,900 jobs would be axed, including cabin crew and pilots, will further increase the number of jobless residents in Hong Kong, which rose to a near 16-year high of 6.4 per cent in the third\u2026
\n
\nSource : South China Morning Post
\nRead more…Cathay Pacific job cuts will hit Hong Kong housing market as axed pilots, cabin crew move away or downsize, say analysts<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The massive job cuts at Cathay Pacific, Hong Kong\u2019s flagship carrier, are likely to further...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-118993","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-uXf","jetpack-related-posts":[{"id":119035,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/axed-cathay-pacific-staff-may-not-stay-unemployed-for-long-as-property-agents-insurers-snap-them-up-absorbing-shock-of-hong-kongs-biggest-ever-lay-off\/","url_meta":{"origin":118993,"position":0},"title":"Axed Cathay Pacific staff may not stay unemployed for long as property agents, insurers snap them up, absorbing shock of Hong Kong\u2019s biggest ever lay-off","date":"October 28, 2020","format":false,"excerpt":"\r Companies from insurers and property agents to beauticians are swooping in to snap up flight attendants and ground crew let go by Cathay Pacific Airways, absorbing some of the shock from the biggest lay-off in the Hong Kong\u2019s corporate history.Flight attendants are particularly sought after by property agents and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119109,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-buyers-hunt-for-bargains-in-tung-chung-tsing-yi-and-discovery-bay-as-cathay-pacific-staff-leave-hong-kong\/","url_meta":{"origin":118993,"position":1},"title":"Property buyers hunt for bargains in Tung Chung, Tsing Yi and Discovery Bay as Cathay Pacific staff leave Hong Kong","date":"November 4, 2020","format":false,"excerpt":"\r Bargain hunters can expect bigger discounts on property in districts close to Hong Kong airport, as foreign pilots and flight attendants leave the city amid mass lay-offs at Cathay Pacific group.Market observers say that areas like Tung Chung, Tsing Yi and Discovery Bay that were popular with the airline\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":154354,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-cathay-pacific-says-no-plans-to-introduce-single-pilot-flights\/","url_meta":{"origin":118993,"position":2},"title":"Hong Kong\u2019s Cathay Pacific says no plans to introduce single-pilot flights","date":"May 27, 2025","format":false,"excerpt":"\r Hong Kong\u2019s flag carrier Cathay Pacific Airways has confirmed it has no plans to introduce single-pilot operations in the cockpit but admitted it had engaged with aircraft manufacturers regarding enhanced automation, which could lead to reduced crew operations in the future. The airline made its position clear to the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":136906,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uae-residents-free-flights-cathay-pacific-to-giveaway-5000-hong-kong-tickets\/","url_meta":{"origin":118993,"position":3},"title":"UAE residents free flights: Cathay Pacific to giveaway 5,000 Hong Kong tickets","date":"May 17, 2023","format":false,"excerpt":"\r As part of a campaign sponsored by Hong Kong International Airport, Cathay Pacific will offer free tickets to over 5,000 residents from India, Bangladesh, Nepal and UAE\r \r Source : arabianbusiness.com\r Read more...UAE residents free flights: Cathay Pacific to giveaway 5,000 Hong Kong tickets","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2023\/05\/Untitled-design-2023-05-17T111526.274-1000x667-1.png?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":79498,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/from-coca-cola-to-cathay-pacific-swire-pacifics-five-major-businesses-in-hong-kong\/","url_meta":{"origin":118993,"position":4},"title":"From Coca-Cola to Cathay Pacific, Swire Pacific\u2019s five major businesses in Hong Kong","date":"February 9, 2018","format":false,"excerpt":"\r From daily items such as a bottle of Coca-Cola and a packet of sugar, to high-rise shopping malls in Hong Kong\u2019s prime central areas, one would find it almost impossible to escape the influence of this Hong Kong conglomerate whose sprawling business empire spans five sectors. Butterfield and Swire,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71386,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/swire-pacific-issues-profit-warning-says-competition-a-headwind-for-cathay-pacific\/","url_meta":{"origin":118993,"position":5},"title":"Swire Pacific issues profit warning, says competition a headwind for Cathay Pacific","date":"November 9, 2017","format":false,"excerpt":"\r Hong Kong-listed conglomerate Swire Pacific issued a profit warning Thursday, its second in 10 years, saying the operating environment of its aviation unit Cathay Pacific Airways remained tough in the second half owing to strong competition. \u201cCathay Pacific does not expect the operating environment in the second half of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118993"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=118993"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118993\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=118993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=118993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=118993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}