Hong Kong carrier Cathay Pacific posts $972 mn first-half loss
HONG KONG: Struggling Hong Kong carrier Cathay Pacific on Wednesday said its losses in the first half of the year narrowed to $972 million but warned its outlook remained uncertain as the coronavirus pandemic continues to hammer international travel.
The figure is an improvement on the $1.3 billion loss suffered in the same period last year and reflects a concerted cost-cutting regime that has seen headcount slashed and overseas pilot bases closed.
