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Cathay Pacific in tighter spot than SIA, say analysts
HK carrier has higher staff costs, faces task of balancing its roots with ties to Beijing
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HONG KONG • They are both critically important to their domestic economies, highly regarded by customers and very much reliant on international travel. They are also in deep financial strife and shedding thousands of jobs because of the coronavirus crisis.
Cathay Pacific Airways and Singapore Airlines (SIA) have stood out for over half a century as aviation powerhouses, prestigious brands atop a lucrative market fuelled by Asia's economic boom.
