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Search results for “unpaid leave”
Japan to ease travel curbs for China; Canada updates Hong Kong advisory | Daily Brief
07/02/2020
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6:45:06 AM
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Around 90% of staff at Cathay Pacific agreed to take unpaid leave in a second round of cost-saving measures; Chinese hotel chain Huazhu recorded a 15.7% drop in Q1 net revenue.
OTA expects up to 75% revenue drop; Authority buys tickets to help airlines | Daily Brief
04/10/2020
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12:27:48 AM
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Hong Kong will buy 500,000 flight tickets from the city’s airlines as part of a stimulus; China's domestic travelers decreased 61.4% during a three-day holiday.
Amadeus plans for €300M cost-cutting program as coronavirus slams aviation
03/30/2020
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1:09:49 PM
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The company is also canceling a dividend payment of €320 million that had been scheduled for the general shareholders’ meeting in June.
Marriott sees $25M impact; Expedia global layoffs cost up to $130M | Daily Brief
02/27/2020
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10:01:43 AM
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Expedia has kicked off its global lay-off this week in Hong Kong and Singapore; Sabre said the outbreak could cost a USD 100-150 million loss in first-quarter revenue.
OTA boss advises mobile tech to fight virus; Marriott sees recovery in China | Weely Review
03/21/2020
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5:38:25 PM
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Asia's largest online travel group expects its net revenue to drop by nearly half in Q1; China's air regulator moved to divert incoming international flights from Beijing to elsewhere.
Europe mulls US-type travel ban, Disney expects $175m loss - Virus Updates
02/06/2020
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1:07:47 AM
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Hong Kong will quarantine tourist arrivals from mainland China; at least two Asian airlines have asked their staff to take unpaid leave.
China data portend tough times for US hotels; Cathay cuts 96% flights | Daily Brief
03/20/2020
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11:40:36 PM
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Major Chinese airlines registered over 30-percentage-point declines in load factor; Fosun Tourism's China operation slowly recovers.
Cathay Pacific scraps 96% of flights as virus stops travel
03/20/2020
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6:38:54 PM
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CAPA warns that most carriers will go bankrupt by the end of May without government support.
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