ZCZC
BCN-07
HONGKONG-CATHAY-ECONOMY-AVIATION
Cathay Pacific reports first-half loss of US$1.27 bn
HONG KONG, Aug 12, 2020 (BSS/AFP) – Troubled Hong Kong carrier Cathay
Pacific said it lost HK$9.9 billion (US$1.27 billion) in the first half of
this year, making it the latest major airline to reveal how badly the
coronavirus pandemic has eviscerated its business.
“The first six months of 2020 were the most challenging that the Cathay
Pacific Group has faced in its more than 70-year history,” chairman Patrick
Healy said in a statement announcing the results.
BSS/AFP/MSY/1025 hrs