Cathay Pacific racks up first back-to-back losses in 71 years, at $160m

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A first in its 71-year history Cathay Pacific may wish to forget: the Hong Kong-based carrier has racked up a successive loss. Not only that, but the South China Morning Post reports this latest loss is its steepest in nine years, at $160m over the course of 2017. That said, the cargo division has no reason to feel bad. It seems its efforts played a pivotal role in preventing the loss from being any worse.