Hong Kong flag carrier Cathay Pacific on Wednesday reported a massive loss of HK$2.05 billion ($262.07 million) for the first half of the year as the airline struggled with intense competition from rival airlines.
The results, which far exceeded analysts' predictions, came after Cathay saw its first annual loss in eight years in 2016, as lower cost Chinese carriers eat into its market share.
GMT 07:25 2017 Monday ,30 October
Asia-focused giant has been on a recovery driveGMT 07:19 2017 Monday ,30 October
HSBC profits up five-fold in third quarterGMT 10:58 2017 Wednesday ,16 August
Troubled Cathay loses HK$2.05 billion in first half 2017GMT 07:37 2017 Monday ,31 July
HSBC pre-tax profit up 5% to $10.2 bn in first half 2017Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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