News / Pandemic looks set to hit Cathay Pacific hard, after a 'challenging' 2019

Cathay Pacific is expecting a “substantial loss” in the first half of the year, due to the coronavirus pandemic.

Reporting its 2019 financial results yesterday, the carrier said it had faced “an incredibly challenging environment” because of the intensification of the US-China trade war and social unrest in Hong Kong, which drove the city into recession.

“As a result, our second-half results – traditionally stronger compared with first-half results – fell well below what we would have hoped for,” said Cathay Pacific ...