Investing.com – Shares of the Hong Kong-listed airline Cathay Pacific Airways Limited (HK:0293) were down more than 1% on Wednesday in Asia ahead of a planned protest around its Cathay City headquarters later in the day.
The planned rally was to protest against recent staff dismissals by the company amid political unrest in Hong Kong.
During the past month, Cathay has suspended multiple staff, including pilots for their involvement in the ongoing anti-government protests. The airline has also said employees who “support or take part in illegal protests, violent actions, or overly radical behaviour” would be barred from crewing flights to mainland China.
The carrier warned in a statement that protests outside its facilities are illegal and that it had zero tolerance for “violent activities.”
“Cathay Pacific wishes to emphasize that it fully supports the upholding of the Basic Law and all the rights and freedoms afforded by it, ” the statement said.
Later reports suggested that the rally has been moved to the Central financial district by the Hong Kong Confederation of Trade Unions.
Shares of Cathay Pacific last traded at HK$10.16 by 1:23 AM ET (05:23 GMT), down 1.2%.