Cathay Pacific Posts Worst Financial Results Since 2008

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Simon S. Milne

Simon S. Milne

CEO at Solent Freight Services LTD | Founder at bioaqulife - biodegradable and recyclable shrinkwrap products

Published Mar 15, 2017

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Hong Kong carrier Cathay Pacific Airways today (Wednesday) reported its first full-year loss since the 2008 global financial crisis, with cargo revenue down 13.2 percent y-o-y. Overcapacity, mounting competition from mainland Chinese carriers and rising costs have eroded earnings.

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