A Cathay Pacific staff member walks past the airlines' check in counter at terminal 1 of the Hong Kong International Airport in Chek Lap Kok in June 2020. The airline industry has continued to suffer from travel restrictions, border closures and quarantine measures to contain the Covid-19 pandemic. Photo: Sam TsangA Cathay Pacific staff member walks past the airlines' check in counter at terminal 1 of the Hong Kong International Airport in Chek Lap Kok in June 2020. The airline industry has continued to suffer from travel restrictions, border closures and quarantine measures to contain the Covid-19 pandemic. Photo: Sam Tsang
A Cathay Pacific staff member walks past the airlines' check in counter at terminal 1 of the Hong Kong International Airport in Chek Lap Kok in June 2020. The airline industry has continued to suffer from travel restrictions, border closures and quarantine measures to contain the Covid-19 pandemic. Photo: Sam Tsang

Cathay Pacific’s rights issue less appealing after stock slump and third wave of coronavirus infections

  • Resurgence of the coronavirus in Hong Kong drags stock of the embattled airline to the lowest in 19 years, clouding recovery outlook
  • Decline in Singapore Airlines stock even after its US$11 billion cash infusion suggests no immediate relief for Cathay Pacific investors

Topic |   Cathay Pacific
A Cathay Pacific staff member walks past the airlines' check in counter at terminal 1 of the Hong Kong International Airport in Chek Lap Kok in June 2020. The airline industry has continued to suffer from travel restrictions, border closures and quarantine measures to contain the Covid-19 pandemic. Photo: Sam TsangA Cathay Pacific staff member walks past the airlines' check in counter at terminal 1 of the Hong Kong International Airport in Chek Lap Kok in June 2020. The airline industry has continued to suffer from travel restrictions, border closures and quarantine measures to contain the Covid-19 pandemic. Photo: Sam Tsang
A Cathay Pacific staff member walks past the airlines' check in counter at terminal 1 of the Hong Kong International Airport in Chek Lap Kok in June 2020. The airline industry has continued to suffer from travel restrictions, border closures and quarantine measures to contain the Covid-19 pandemic. Photo: Sam Tsang
READ FULL ARTICLE
Close
We need your support

Advertising helps us continue to provide quality content. Help support us by disabling your adblocker on our site.

How to whitelist us:
  1. 1
    Click on the AdBlock icon at the top right corner of your browser.
    For iOS, go to Settings/Safari/Content Blockers and turn it off.

    For Android, go to your Ad blocker app/Settings and turn it off.
  2. 2
    Click Enabled on this site until the text reads Disabled on this site.
  3. 2
    Click the cross icon on the top right corner to close this window and refresh the page.
  4. 3
    Click the cross icon on the top right corner to close this window and refresh the page.