Hong Kong's Cathay Pacific posts HK$1.26 bn loss for 2017

Hong Kong flag carrier Cathay Pacific on Wednesday announced a HK$1.26 billion ($161 million) net loss for 2017, marking the first back-to-back annual loss in its 71-year history. The company had been hit by intense competition from rival airlines and higher fuel prices, chairman John Slosar said. It was the...

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