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Coronavirus: Cathay warns its losses in second half of 2020 will outstrip even its record shortfall in first half

Cathay Pacific on Wednesday warned it will lose even more money in the second half of 2020 than its record first-half loss of HK$9.87 billion (US$1.27 billion) as it continues to reel from the toll of Covid-19 on its business.Hong Kong’s struggling flag carrier said it expected losses between July and December this year to be “significantly” higher than those from January to June, signalling that it would more than double its previous record annual loss of HK$8.56 billion, which came in 2008,…

Read the original article at South China Morning Post

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