Cathay Pacific shares slump after China cracks down on staff protests

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Cathay Pacific shares slump after China cracks down on staff protests
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Hong Kong carrier Cathay Pacific warns staff they could be fired if they 'support or participate in illegal protests' as airport sit-in continues into its fourth day

China's Civil Aviation Authority issued a warning to Cathay Pacific about the involvement of its staff in"riots." April 4, 2018

Cathay became embroiled on Friday when China's civil aviation regulator demanded the airline suspend personnel who engaged in or supported illegal protests in Hong Kong from staffing flights into its airspace, citing safety concerns. Cathay's CEO Rupert Hogg said in a message to staff on Saturday that the airline was obliged to comply with the new rules set out by the Civil Aviation Administration of China .

Cathay appears to have become a target of Beijing's ire after some of its crew joined protests and media reported one of its pilots had been charged with rioting.

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