(Jan 9): Cathay Pacific Airways Ltd aims to cut administrative costs by 20% by the end of 2030, according to people familiar with the plan, as the Asian carrier seeks to protect profitability in the face of increased competition and the rise of artificial intelligence. In particular, Lam has asked all departments to identify savings and efficiencies of 5% for this year as Cathay prepares for a slower rate of growth for 2026. Cathay has said it plans to hire 3,000 people this year, pushing headcount beyond the 34,000 at the end of 2025. Analysts expect Cathay, which includes its main brand plus low-cost HK Express, to grow capacity by 7.7% this year. “Cost discipline will be critical for Cathay to sustain profitability as capacity growth slows,” Eric Zhu, a Bloomberg Intelligence analyst, said.

Source: The Edge Markets January 09, 2026 09:58 UTC