Hong Kong flag carrier Cathay Pacific is reportedly preparing for a business overhaul that could include job cuts, cost savings and shifting flights to its short-haul unit Cathay Dragon. Details of a major business review and a plan to stand up to increasing competition from Chinese and Gulf airlines as well as low-cost carriers will be revealed Jan. 18, according to a Reuters report. Cathay cancelled its second-half profit forecast in October and said it was reviewing its business. The ...

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