Cathay had previously forecast second-half results to be better than the first half, when it reported an 82 per cent year-on-year net profit slump to HK$353 million. Photo: Cathay Pacific Archives

Cathay Pacific lowers second-half profit forecast as overcapacity, competition take a toll

Hong Kong’s flagship carrier says business has “deteriorated” since an interim report in August

Topic |   Cathay Pacific

TOP PICKS

Cathay had previously forecast second-half results to be better than the first half, when it reported an 82 per cent year-on-year net profit slump to HK$353 million. Photo: Cathay Pacific Archives
READ FULL ARTICLE