Cathay Pacific Airways plunged to a loss of HK$2.05 billion (US$262 million) in the first half of this year, dealing a further blow to the Hong Kong flag carrier, which finds itself squeezed by competition for both long-haul and short-haul passengers.
In a filing to the Hong Kong stock exchange on Wednesday, the carrier also revealed its revenue rose by 0.4 per cent to HK$45.85 billion for the six months to June 30.
It is the company’s first interim loss – that is, a loss for the year’s first six months – since 2012.