Tag Archives: cathay pacific

Cathay Pacific Airways expects a significant drop in its H1 2020 results and has also cut capacity due to the coronavirus fears. Severe travel restrictions as a result of the virus outbreak have led to a rise in flight cancellations.Cathay Pacific Airways said on Monday it is expecting a critical fall of its first-half results because of the epidemic of the coronavirus.The airline stated it cut capacity by 40% for February and March. Moreover, the figures for April will be reduced as well. In...

The ongoing epidemic is still doing a strong and deep dive throughout the world’s financial markets. Generally, the coronavirus has caused stocks in Asia to plunge as panic continues to spread around the continent and even to the rest of the world.Coronavirus Crashes Asia StocksSeveral markets across the continent are having a bad time of the event. The Hang Seng index, which covers the largest companies in Hong Kong, closed at 26,499.13 after losing 2.62%.Most of the hardest-hit stocks all...