Hong Kong's Cathay Pacific sees first loss in 8 years
AFP
| 2017/03/15 | 622 words
| LE JOURNAL DE L'AVIATION | AIR TRANSPORT
Hong Kong's troubled flagship airline Cathay Pacific on Wednesday posted its first annual loss since the height of the financial crisis as it was hit by "intense competition" and a drop in demand from business travellers.The firm is struggling despite an expansion of international air travel in the region as lower cost carriers, particularly from mainland China, eat into its market share.Companies like China Eastern and China Southern Airlines are offering direct services to Europe and the U...(…)
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