Cathay Pacific Airways Limited (HKG:0293) May Not Survive

Cathay Pacific Airways Limited (HKG:0293) May Not Survive

Hong Kong carrier Cathay Pacific issued a profit warning on Friday, estimating it will suffer a historic loss of HK$9.9 billion (US$1.3 billion) in the first half of 2020 as it reels from the coronavirus pandemic. “The Group will record a net loss attributable to shareholders of approximately HK$9.9 billion, which compares to a net […]