Cathay Pacific Issues Profit Warning With Passenger Numbers Down 99% – Simple Flying

Cathay Pacific Group, home to airlines Cathay Pacific and Cathay Dragon, expects to incur a massive loss for six months the first half of 2020. A profit warning released on Friday reveals that passenger numbers for the airlines dropped 99% in June compared to the same period in 2019.
Cathay Pacific Group reports largest loss in history for the first half of 2020. Photo: Getty Images
In a statement sent to Simple Flying, the airline anticipates a net loss of $1.3bn, for the six months ended Jun…

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