{"id":367858,"date":"2020-08-14T12:20:02","date_gmt":"2020-08-14T06:50:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=367858"},"modified":"2020-08-14T13:37:22","modified_gmt":"2020-08-14T08:07:22","slug":"cathay-pacific-warns-biggest-crisis-to-persist-after-1-3-billion-loss","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cathay-pacific-warns-biggest-crisis-to-persist-after-1-3-billion-loss\/","title":{"rendered":"Cathay Pacific warns biggest crisis to persist after $1.3 billion loss"},"content":{"rendered":"<p>Cathay Pacific Airways Ltd. said it doesn\u2019t expect to see any meaningful recovery in business for some time, after it posted a first-half net loss of HK$9.9 billion ($1.3 billion) as the coronavirus pandemic brought global travel to a near standstill.<\/p>\n<p>The airline and its Cathay Dragon unit flew 4.4 million passengers in the first six months, compared with 18.3 million people a year earlier. Passenger revenue tumbled 72% to HK$10.4 billion during the period, Cathay said in a statement Wednesday. It flew an average of just 500 passengers a day in April and May. Hong Kong Express, which Cathay bought in July 2019, suspended services in March and only began resuming some flights in August. The low-cost unit posted a \u201csignificant loss\u201d in the first half, Cathay said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cathay Pacific Airways Ltd. said it doesn\u2019t expect to see any meaningful recovery in business for some time, after it posted a first-half net loss of HK$9.9 billion ($1.3 billion) as the coronavirus pandemic brought global travel to a near standstill. The airline and its Cathay Dragon unit flew 4.4 million passengers in the first six months, compared with 18.3 million people a year earlier. Passenger revenue tumbled 72% to HK$10.4 billion during the period, Cathay said in a statement Wednesday. It flew an average of just 500 passengers a day in April and May. Hong Kong Express, which Cathay [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-367858","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/367858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=367858"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/367858\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=367858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=367858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=367858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}