Hong Kong carrier Cathay Pacific sees annual loss, outlook upbeat

AFP

2018/03/15 | 510 words | LE JOURNAL DE L'AVIATION | AIR TRANSPORT

Hong Kong flag carrier Cathay Pacific on Wednesday booked the first back-to-back annual loss in its seven-decade history but said it was in the black for the second half and was upbeat about the next year.The firm's report was its worst since 2008 during the global financial crisis, as lower-cost Chinese airlines ate into market share while it took a major hit from fuel costs."Increased fuel costs are increasing operating costs and adversely affecting results," chairman John Slosar said in a...(…)

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