Hong Kong conglomerate Swire Pacific expects to record a loss in the first six months this year as the coronavirus batters the airline business of Cathay Pacific Airways, one of the group’s biggest assets.“The coronavirus has adversely affected our business in Hong Kong and mainland China and the impact on Cathay Pacific is especially clear,” chairman Merlin Swire said at a media briefing on Thursday. “It is the big problem, expecting substantial loss in the first half” despite measures to trim…
Source : South China Morning Post
Read more…Swire expects losses in first-half report as coronavirus hits Cathay Pacific, property units















