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Home » Hong Kong carrier Cathay Pacific swings to US $74 million loss

Hong Kong carrier Cathay Pacific swings to US $74 million loss

binindia by binindia
March 15, 2017
Reading Time: 1 min read
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Hong Kong carrier Cathay Pacific swings to US $74 million loss

Hong Kong carrier Cathay Pacific swings to US $74 million loss – Hong Kong's Cathay Pacific airline in loss because of intense competition


(DNA Research & Archives)

Hong Kong's troubled flagship airline Cathay Pacific swung to a US $74 million loss in 2016, the firm said on wednesday, citing "intense competition" from rival carriers.

Low-cost carriers from mainland China ate in to Cathay's market share and demand from business passengers fell as the firm prepares a wholesale review of its operations, said chairman John Slosar, who added that 2017 would be similarly "challenging".

Hong Kong carrier Cathay Pacific swings to US $74 million loss – Hong Kong's Cathay Pacific airline in loss because of intense competition


(DNA Research & Archives)

Hong Kong's troubled flagship airline Cathay Pacific swung to a US $74 million loss in 2016, the firm said on wednesday, citing "intense competition" from rival carriers.

Low-cost carriers from mainland China ate in to Cathay's market share and demand from business passengers fell as the firm prepares a wholesale review of its operations, said chairman John Slosar, who added that 2017 would be similarly "challenging".

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Hong Kong carrier Cathay Pacific swings to US $74 million loss – Hong Kong's Cathay Pacific airline in loss because of intense competition


(DNA Research & Archives)

Hong Kong's troubled flagship airline Cathay Pacific swung to a US $74 million loss in 2016, the firm said on wednesday, citing "intense competition" from rival carriers.

Low-cost carriers from mainland China ate in to Cathay's market share and demand from business passengers fell as the firm prepares a wholesale review of its operations, said chairman John Slosar, who added that 2017 would be similarly "challenging".

Hong Kong carrier Cathay Pacific swings to US $74 million loss – Hong Kong's Cathay Pacific airline in loss because of intense competition


(DNA Research & Archives)

Hong Kong's troubled flagship airline Cathay Pacific swung to a US $74 million loss in 2016, the firm said on wednesday, citing "intense competition" from rival carriers.

Low-cost carriers from mainland China ate in to Cathay's market share and demand from business passengers fell as the firm prepares a wholesale review of its operations, said chairman John Slosar, who added that 2017 would be similarly "challenging".

Tags: airplaneCathay PacificChinademandHong KongJohn SlosarlossMarketMarket Sharepassengers

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