{"id":404219,"date":"2021-03-10T17:07:49","date_gmt":"2021-03-10T11:37:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=404219"},"modified":"2021-03-10T17:11:18","modified_gmt":"2021-03-10T11:41:18","slug":"cathay-pacific-posts-record-2-8-billion-annual-loss-due-to-covid-19-pandemic","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cathay-pacific-posts-record-2-8-billion-annual-loss-due-to-covid-19-pandemic\/","title":{"rendered":"Cathay Pacific posts record $2.8 billion annual loss due to Covid-19 pandemic"},"content":{"rendered":"<p>Hong Kong&#8217;s Cathay Pacific Airways Ltd reported on Wednesday a record annual loss of HK$21.65 billion ($2.79 billion), due to a sharp downturn in travel associated with the coronavirus pandemic, restructuring costs and fleet writedowns. <\/p>\n<p>The 2020 loss compared with 2019 profit of HK$1.69 billion and was worse than an average forecast for a net loss of HK$19.9 billion by 13 analysts, according to Refinitiv. <\/p>\n<p>Cathay had previously warned it expected the second-half loss to be &#8220;significantly higher&#8221; than the record first-half loss of HK$9.87 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hong Kong&#8217;s Cathay Pacific Airways Ltd reported on Wednesday a record annual loss of HK$21.65 billion ($2.79 billion), due to a sharp downturn in travel associated with the coronavirus pandemic, restructuring costs and fleet writedowns. The 2020 loss compared with 2019 profit of HK$1.69 billion and was worse than an average forecast for a net loss of HK$19.9 billion by 13 analysts, according to Refinitiv. Cathay had previously warned it expected the second-half loss to be &#8220;significantly higher&#8221; than the record first-half loss of HK$9.87 billion.<\/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":[229],"tags":[],"class_list":["post-404219","post","type-post","status-publish","format-standard","hentry","category-civil-aviation"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404219","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=404219"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404219\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=404219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=404219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=404219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}