Cathay Pacific to count the cost of Hong Kong unrest, as analysts predict losses for protest period

Cathay Pacific Airways is likely to announce a small second-half loss but a full-year profit for 2019 on Wednesday, reflecting the impact of months of social unrest in Hong Kong, according to analysts.The city’s embattled de facto flagship carrier is expected to deliver a 2019 profit of about HK$1.15 billion (US$148 million), a halving of 2018’s results, while revenue is projected to fall roughly 3.4 per cent to about HK$107.2 billion, according to calculations based on an average of estimates…

from South China Morning Post https://ift.tt/2v6DrDl
Danny Lee Cathay Pacific Airways is likely to announce a small second-half loss but a full-year profit for 2019 on Wednesday, reflecting the impact of months of social unrest in Hong Kong, according to analysts.The city’s embattled de facto flagship carrier is expected to deliver a 2019 profit of about HK$1.15 billion (US$148 million), a halving of 2018’s results, while revenue is projected to fall roughly 3.4 per cent to about HK$107.2 billion, according to calculations based on an average of estimates… https://ift.tt/eA8V8J March 10, 2020 at 02:00AM