Cathay Pacific posts first half loss amid fierce competition

Hong Kong airline Cathay Pacific has blamed fierce competition as it reported a loss in the first half of the year.

Cathay Pacific posts first half loss amid fierce competition
Wed, 16 Aug, 2017 - 13:05

Hong Kong airline Cathay Pacific has blamed fierce competition as it reported a loss in the first half of the year.

The airline said it lost 2.1bn Hong Kong dollars in the six months to June, compared with a HK353m profit from the previous year.

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