Cathay Pacific 2019 profits plunge, predicts virus losses
Cathay Pacific warns of slipping into the red as airlines around the world suffer the huge travel disruptions caused by the rapid global spread of the deadly coronavirus. – EPA pic, March 11, 2020.
CATHAY Pacific today said profits plunged in 2019 as it reeled from political unrest in Hong Kong, while it warned financial losses lay ahead owing to the spread of the coronavirus. The flagship carrier was hammered throughout the second half of last year as violent pro-democracy protests raged for months in Hong Kong, sparked by widespread public anger at Beijing’s rule.
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