Cathay Pacific says it expects to record a loss of nearly HK$10 billion for the first half of the year. Photo: Winson WongCathay Pacific says it expects to record a loss of nearly HK$10 billion for the first half of the year. Photo: Winson Wong
Cathay Pacific says it expects to record a loss of nearly HK$10 billion for the first half of the year. Photo: Winson Wong

Cathay Pacific CEO blames coronavirus for historic HK$9.9 billion loss, and calls third wave a ‘cause for concern’

  • Airline boss Augustus Tang says result ‘underlines the extent of the damage’ done to carrier by Covid-19
  • Internal memo gives clue to carrier’s future with restructuring review to ‘balance stakeholder interests’

Topic |   Coronavirus Hong Kong
Cathay Pacific says it expects to record a loss of nearly HK$10 billion for the first half of the year. Photo: Winson WongCathay Pacific says it expects to record a loss of nearly HK$10 billion for the first half of the year. Photo: Winson Wong
Cathay Pacific says it expects to record a loss of nearly HK$10 billion for the first half of the year. Photo: Winson Wong
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