CATHAY Pacific has warned investors to expect the airline's recent flight attendants' strike to have a ''significant impact'' on the company's results for this year.
The warning came as directors detailed some of the costs of the 17-day dispute.
The cost of chartering aircraft has been put at $140 million. A further $10 to $15 million was spent on overtime payments and putting up delayed passengers in hotels.
Cathay expects to pay a further $5 million to $7 million to disgruntled passengers and travel agents affected by the strike.
However, directors remained reluctant to estimate how much revenue Hongkong's flag carrier had lost during the strike.
And while the direct costs of the dispute might be quantifiable, they said it would take more time to evaluate the long-term impact on the company.