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Cathay Pacific Unveils H1 Loss Of US$160 Million

Wed Aug 06, 2003 3:23 pm

Cathay Pacific has unveild a US$159 096 200 H1 Loss for the financial year beginning from 1 January 2003 to 30 June 2003.

"The outbreak of atypical pneumonia, or SARS, had a devastating impact on passenger numbers in the second quarter. The company issued its first ever profit warning in April, parked 22 aircraft and reduced its schedule by cancelling up to half its normal services in May and June. Passenger yield dropped 5.7% to HK42.8 cents."

More information at the Cathay Pacific website
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Posts: 1706
Joined: Thu May 24, 2001 8:20 pm

RE: Cathay Pacific Unveils H1 Loss Of US$160 Million

Wed Aug 06, 2003 4:33 pm

Which is around the same as Singapore Airlines, and totally not surprising.

(lets cut the childish crap that might follow okay?)

I wonder how the other airlines in Asia like CI, MH and TG might fare.....

GOod thing is that SARS is now over and passenger traffic is coming back to Asia.

I hope the Jakarta blast will not have that big an impact on tourism recovery though!

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