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

default_image

© Khunaspix Dreamstime.

By Alexander Whiteman

14/03/2018

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.

Read more...

Comment on this article

You must be logged in to post a comment.

Topics

Cathay Pacific The Purse Strings Asia-North Europe HHLA Port of Hamburg Transatlantic

Most Read

MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'

Urgent call for breakdown of cargo onboard as General Average declared on Dali

Hong Kong drops out of world's top 10 busiest container ports

Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker

Flexport is 'back on track' – now it needs to start growing again

Bottlenecks and price hikes as airlines now avoid Iran airspace

Capture of MSC Aries will further drive up Indian export costs

Iran may now pose a threat to multimodal supply chains via Dubai

Cargo flows through Dubai delayed by flooding, with 300 flights cancelled

Looks like rain: Panama Canal Authority eyes return to normal service

Carriers look to short-term gains over blanking, as Red Sea crisis props up rates

How crazy is this: DSV goes hostile on Expeditors or CH Robinson?

EXCLUSIVE: Kuehne + Nagel shockwaves in APAC

Sustainability concerns don't show on shippers' procurement radar

Talk of Schenker, Flexport et al – and a meagre lunch for forwarders

CMA CGM Air Cargo finally launches transpac services