Cathay Pacific asks crew to volunteer for early retirement in cost-cutting bid

Cathay has been trying to trim costs after it fell into the red in the first half of 2012 with a HK$935 million (US$121 million) loss, partly due to high fuel prices that have also dragged down other regional airlines' performance.

The airline said the scheme would be offered to flight attendants who joined the firm before September 1996, to cut cost as well as to help facilitate recruitment and promotion opportunities.

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