Cathay Falls Into Red On Competition Concerns

Credit: John Taggert
Cathay Pacific has blamed increasing competition from direct flights to mainland China as a major factor in its first full-year net loss since 2008. The carrier reported a loss of 575 million Hong Kong dollars ($74 million) for 2016, a dramatic reversal from the HK$6 billion profit it earned in the...
Adrian Schofield

Adrian is a senior air transport editor for Aviation Week, based in New Zealand. He covers commercial aviation in the Asia-Pacific region.

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