Cathay Incurs 2017 Full-Year Loss, But 2H Indicates Turnaround

Cathay Pacific reported a deeper group-wide loss of HK$1.3 billion ($160.6 million) for 2017, although a profitable second half signals its transformation plan is yielding results. Hong Kong-based Cathay Group’s full-year loss was more than double its loss of HK$575 million in 2016. However, it...

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