One of Asia's biggest airlines is cutting hundreds of jobs as it battles fierce competition from cheaper rivals. Cathay Pacific (CPCAY) said Monday it's laying off about 600 people at its head office in Hong Kong. Another premium Asian carrier, Singapore Airlines (SINGF), posted a shock quarterly loss last week. Singapore Airlines said last week it was carrying out a comprehensive review of its operations. Try flying a plane in China"We're really at a historic time for the Asian airlines.

Source: CNN May 22, 2017 11:01 UTC