Cathay Pacific expects $1.3bn H1 loss

Cathay Pacific has reported that the collapse in demand for passenger travel will cause a $1.3billion H1 loss. The airline said that it had carried over 75 % fewer passengers from January to June compared to the same period in 2019 as the coronavirus caused countries to impose stringent travel restrictions and airlines to limit flights. Cathay said only 27,100 passengers flew with them last month, down 99.1 per cent from June the previous year, and that it operated at only four per cent of its usual capacity. The Hong Kong flag carrier’s business had been damaged by the ongoing political