Hong Kong flagship airline Cathay Pacific hit with financial trouble amid coronavirus outbreak

Hong Kong flagship airline Cathay Pacific hit with financial trouble amid coronavirus outbreak

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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 in its home city as well as the US-China trade war. As the region tries to prevent the spread of the virus that causes the deadly Covid-19 illness, Cathay Pacific has cancelled more than a half of its scheduled flights in February and March 2020. Aviation experts say that as the outbreak wreaks havoc on air travel, Hong Kong’s international airport is also likely to be struggling to take off again at a pace even slower than was after the 2002-2003 Sars outbreak.

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48 Comments

  1. Thanks to Corona Virus. It gives pause to man’s busy activities for physical desires and satisfaction. Now that many people are quarantined in their homes
    , it has time to examine our conscience for whatever fault and eniquities we have and beg for mercy and forgiveness for our spiritual nourishment.

  2. The situation should be equally bad for other airlines. Their share prices reveal the financial difficulties they are going to face in the coming months.

  3. I hope they’re disinfecting those close-quartered-viral-incubation -tubes while they’re grounded or the virus will spread all over again…

  4. … O POVO Chines É UM POVO MUITO INTELIGENTE, LUTADOR E PERSISTENTE. .. EU ACREDITO QUE LOGO, LOGO ELES DESCOBRIRÃO UM MEIO DE BARRAR ESSA PRAGA, DENOMINADA "novo coronavírus", QUE DE "NOVO", NÃO TEM NADA. FORÇA, China… FORÇA Huwan. ESTAMOS NA MESMA LUTA, QUE DE RESTO É DE TODA A Humanidade. SAUDAÇÕES E PENSAMENTOS POSITIVOS, DESDE O Brasil !!!

  5. A major benefit of having such a nasty cuisine, a pestilence given to the World as a gift. The Chinese eat anything that moves. The West may not be perfect but our eating habits are not all that terrible.

  6. THE 3 BIG CHALLENGES HONG KONG FACED – TRADE WAR AND ITS PRESSURE ON HK DOLLAR PEG, PROTESTS, CORONOVIRUS, MERGED AND AUGMENTED EACH OTHER PERFECTLY IN TIMING. SUCH PRECISION DOES NOT OCCUR NATURALLY, ANY MATHEMATICIAN KNOWS THAT THE PROBABILITY AGAINST THIS IS TOO ASTRONOMICAL. LOGIC POINTS TO IT BEING PLANNED.
    HONG KONG ( AND CHINA ) IS UNDER ATTACK. GUESS WHO HAS BEEN ATTACHING AND WOULD BENEFIT THE MOST FROM THIS ???

  7. We know it’s not because of virus, but they dare to blame virus only. Too many staff from Cathy Pacific are racists, but their preferred passengers from western countries cannot secure their business.
    Enjoy redundancy and Cathy is forever bottom of my list.

  8. Man proposes , virus disposes .Are we looking at a bankruptcy filing .Covid has hit Cathay Pacific hard when it was already down . Because a major part of its revenue comes naturally from mainland China the effect is particularly severe . Even the best organisations are helpless in the face of a natural disaster . Really hope Cathay survives and prospers .

  9. Have known Cathay Pacific since the 1970’s, best wishes to the staff. And like that old DC 3 showing the companies history.

  10. Cathay Pacific has been struggling financially for decade way before the Hong Kong protest and the outbreak of this Virus ever since the start of the rapid increase of international flights operating from China airline.

  11. All countries should ban Chinese people from travelling and quarantine them that work big corporations at western countries.

  12. First the anti-China protesters /rioters destroyed the economy, and now Conronavirus outbreak. This really going to hurt the citizens of Hong Kong most..

  13. Hahhaha. Early was the airport shut due to protest. Now the corona c make them not fly to china. HK it’s doom for this year !

  14. Like this guy already suspected it. Of course they will never come out right to tell you what they r doing or planning to do, it defeats the purpose n peeps will call out on their evil deeds. Hence you need to hide behind a cloak of secrecy, privacy, freedom, n democracy to carry out the evil deeds. https://youtu.be/btF6nKHo2i0

  15. they should take this chance to clean up : oxygen leakers, rioters, etc. don ‘t need the job, their only interest is to 攬炒。bring back the service spirit b /4 its too late.

  16. Virus outbreak is pseudo science propaganda Communist propaganda.

    The human body doesn’t work this way the human body doesn’t work this way the human body wasn’t designed this way the human body wasn’t designed this way stop falling for the lies on TV stop falling for the lies on the screen stop falling for the lies that they scream stop falling for the lies and the schemes..

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