Asian flagship carriers sink as Chinese airlines expand

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HANOI -- Major Asian airlines find themselves increasingly squeezed due to the advent of low-cost carriers, rising fuel prices and intense price competition stemming from a sharp expansion of international operations by Chinese air carriers.

Chinese airlines spread wings

With Hong Kong's Cathay Pacific Airways seeking a change from bleak business projections, CEO Rupert Hogg said May 22 that the airline will eliminate 190, or one-fourth, of the carrier's management positions and shed another 400 workers. But pilots and cabin crew will be spared in the company's first major restructuring since 1998.

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http://asia.nikkei.com/Business/AC/Asian-flagship-carriers-sink-as-Chinese-airlines-expand