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Cathay ends 2020 at -21.6 billion loss – further staff reductions imminent

Cathay ends 2020 at -21.6 billion loss – further staff reductions imminent

by Richard Schuurman | Mar 10, 2021 | Airlines | 0 comments

Cathay Pacific’s short-term outlook remains “challenging”, but the Hong Kong carrier is “absolutely confident” on the long-term future and its competitive position. Cathay Pacific Group reported a record loss of HK$-21.648 billion on March 10, which...
Cathay heading for double-digit record loss

Cathay heading for double-digit record loss

by Richard Schuurman | Dec 16, 2020 | Airlines | 0 comments

Cathay Pacific is heading for a record-loss over 2020, expecting a net loss that will be “significantly higher” than that announced for the first six months, it said in a trading update on December 16. For the January to June-period, Cathay and subsidiary Cathay...
Cathay confirms HK$9.9 billion loss in toughest HY1 ever

Cathay confirms HK$9.9 billion loss in toughest HY1 ever

by Richard Schuurman | Aug 12, 2020 | Airlines | 0 comments

Cathay Pacific announced a HK$9.865 billion HY1 loss on August 12, in line with its unaudited profit warning on July 17. It ended the most challenging first six months the group has ever faced in its 70-year history, CEO Richard Lam said. While the Hong Kong-based...
Cathay confirms HK$9.9 billion loss in toughest HY1 ever

Cathay improves in HY1, but tensions cast shadow over HY2

by Richard Schuurman | Aug 7, 2019 | Cathay Pacific | 0 comments

Cathay Pacific and Cathay Dragon significantly improved their HY1-results compared to last year, the Hong Kong-based airlines announced on August 7. Combined profit for the first six months of 2019 was HK$615 million, compared to -904 million last year. Group profits...

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