Cathay Pacific has announced plans to stop operations to some destinations due to losses.
The airline said that it was taking a number of steps to cut down costs and would be stopping operations to seven destinations it previously operated to.
These destinations include the Maldives as well as Brussels, London, New York and Washington DC. The airline will not be operating to these destinations in 2021 either.
The airline industry is one of the hardest hit industries due to COVID-19.
Cathay Pacific said that it had not been spared from the pandemic and had been forced to let go of almost 8,500 employees with around 5,900 employees being made redundant.
The airline estimates that the new changes could set it back by USD 283.9 million.
The airline will also be stopping its subsidiary Cathay Dragon’s operations as well. The airline commenced operations to the Maldives in 2013 and had continued to operate until the pandemic.