Cathay Pacific Group expects 'significantly' lower financials in 1H2020

Cathay Pacific Group chief customer and commercial officer Ronald Lam stated (17-Feb-2020) 1H2020 will be "extremely challenging financially", adding the group's financial results will be "significantly down" year-on-year. The carrier attributes the downgrade to "additional significant drop in demand for flights and consequential capacity reduction caused by the novel coronavirus outbreak". [more - original PR]