Hong Kong economy
Cathay Pacific

Hong Kong’s Cathay Pacific Airways posts record loss of HK$21.6 billion for 2020

Hong Kong's flagship airline, Cathay Pacific posted its worst-ever financial results on March 10, 2021. The carrier reported losing HK$21.6 billion (US$2.78 billion) in 2020, a year during which the Covid-19 pandemic crippled the global aviation industry. 
 

March 10, 2021
video-play
Hong Kong Cathay Dragon staff expressed regret and “strong dissatisfaction” over Cathay Pacific Airways’ decision to lay off 5,900 staff and end its regional Dragon brand due to the coronavirus...01:20
Cathay Dragon
Cathay Dragon staff strongly dissatisfied over Cathay’s decision to axe regional brand
October 21, 2020
video-play
Hong Kong’s flagship carrier Cathay Pacific Airways has announced it will cut thousands of jobs including 5,300 staff based in the city, and that it will immediately shut down its mainland China...03:43
Cathay Pacific
Cathay Pacific cuts thousand of jobs
October 21, 2020
video-play
Cathay Pacific Airways says it will lay off 5,300 staff in Hong Kong, as well as 600 overseas employees under a global HK$2.2 billion (US$284 million) restructuring to cope with fallout from the...01:46
Cathay Pacific
Hong Kong’s Cathay Pacific to cut 8,500 job posts
October 21, 2020
video-play
Cathay Pacific Airways has said it expects to lose HK$9.9 billion (US$1.28 billion) in the first six months of 2020, the largest in its history. The airline issued a profit warning on July 17, 2020...01:55
Cathay Pacific
Cathay warns of historic HK$9.9 billion loss
July 17, 2020
video-play
Hong Kong’s financial secretary Paul Chan said on June 9, 2020 that the government’s HK$30 billion bailout of Cathay Pacific is necessary to protect the city’s economic interest. ...01:27
Cathay Pacific
HK$30 billion bailout for Cathay Pacific is necessary, Hong Kong government says
June 9, 2020
video-play
The Hong Kong government has taken the unprecedented step of bailing out the city’s flagship airline, Cathay Pacific, which has been hit hard by the Covid-19 pandemic.01:29
Cathay Pacific
Hong Kong government to bail out Cathay Pacific
June 9, 2020
video-play
Hong Kong’s flagship airline Cathay Pacific Airways is scrambling to ride out a financial storm caused by the coronavirus outbreak, coming right on the heels of months of anti-government protests...03:42
Aviation
Cathay Pacific takes hit from coronavirus
February 20, 2020
video-play
Hong Kong carrier Cathay Pacific Airways has changed its policy to allow staff members to wear surgical masks on all routes. The January 22, 2020, announcement followed accusations by workers that...02:05
Cathay Pacific
Cathay Pacific allows staff to wear masks
January 23, 2020
video-play
Strategist at Everbright Sun Hung Kai expects Cathay Pacific will weather the storm it unexpectedly flew into when it got caught up in Hong Kong’s protests, but says investors should wait for the...05:23
Cathay Pacific
Cathay Pacific shares expected to take off, despite protest fallout
August 19, 2019
video-play
Once the leading airline in Asia, Cathay Pacific has been struggling to stay competitive. But a major restructuring starting in 2017 seems to have turned the carrier’s fortunes around. The airline...02:12
Aviation
Cathay Pacific's highs and lows
May 9, 2019
video-play
Once the leading airline in Asia, Cathay Pacific has been struggling to stay competitive. Here's what contributed to Cathay's falling fortunes02:30
Cathay Pacific
The declining fortunes of Cathay Pacific
October 25, 2018
video-play
Once the premiere airline in Asia, Cathay Pacific has been struggling in recent years to stay competitive. Here's what contributed to Cathay's falling fortunes.02:28
Cathay Pacific
The declining fortunes of Cathay Pacific
March 22, 2018
video-play
Hong Kong's flagship airline Cathay Pacific is in even more trouble. It has posted its first back-to-back loss in its 71-year history. 01:19
Cathay Pacific
Cathay Pacific's back-to-back annual losses
March 15, 2018
video-play
Cathay Pacific says it's cutting 600 jobs as it seeks to return to profitability in an industry battered by falling ticket prices. (Photo: Reuters)01:01
Cathay Pacific
Cathay Pacific makes biggest job cuts in 20 years
May 22, 2017
video-play
Read more about Cathay Pacific: https://sc.mp/4xmox ...10:38
Cathay Pacific
Cathay Pacific’s excess baggage
September 7, 2024
video-play
Read the full story: https://sc.mp/lg29v  ...00:37
Cathay Pacific
Cathay staff seen throwing luggage from plane
July 17, 2024
video-play
As the global airline industry recovers from the Covid-19 pandemic and more people are flying, airfares are hitting significantly higher than pre-pandemic levels. Passengers are also finding it...11:36
Aviation
Explainer: Why are airfares so expensive and when will they get cheaper?
July 29, 2023
video-play
From battling a fifth wave of Covid-19 to marking the 25th anniversary of its handover to China, Hong Kong underwent momentous events and challenges in 2022. Here’s a look back at the city’s...07:47
Hong Kong society
To hell and back: Hong Kong’s biggest news events of 2022
January 2, 2023
video-play
Cathay Pacific Airways has reported a HK$7.6 billion (US$977 million) loss in the first half of 2021. The city’s flagship airline said on August 11, 2021, that it continued to be disrupted by the...02:17
Cathay Pacific
Cathay reports US$977 million loss
August 11, 2021
video-play
Hong Kong’s finance chief Paul Chan Mo-po has announced the city will remove restrictions that had been put in place to cool the city’s property market. Paul Chan Mo-po unveiled the move while...01:54
Hong Kong budget 2023-24
Reactions to Hong Kong lifting property market curbs
February 28, 2024
video-play
Read more: https://sc.mp/panda ...05:39
Panda
Can pandas save Hong Kong’s economy?
January 26, 2025
video-play
Hong Kong aims to cut costs as its deficit is expected to hit nearly HK$100 billion in the 2024-25 financial year. The Post spoke to analysts on how to fix the city’s snowballing debt.   12:40
Hong Kong economy
Can Hong Kong fix its nearly HK$100 billion deficit?
January 8, 2025