A Cathay Pacific plane takes off at the Hong Kong International Airport. Photo: Winson Wong
Cathay Pacific shares fall below pre-bailout level as investors shun merits of US$5 billion rescue plan
- Shares soared nearly 19 per cent at the open, but finished with 1 per cent decline
- Government bailout leads to increase in number of shares, worrying investors, while outlook for international route resumption is uncertain, analysts say
Topic |
Aviation
A Cathay Pacific plane takes off at the Hong Kong International Airport. Photo: Winson Wong