{"id":114876,"date":"2020-03-12T19:11:30","date_gmt":"2020-03-12T12:11:30","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/swire-expects-losses-in-first-half-report-as-coronavirus-hits-cathay-pacific-property-units\/"},"modified":"2020-03-12T20:04:26","modified_gmt":"2020-03-12T13:04:26","slug":"swire-expects-losses-in-first-half-report-as-coronavirus-hits-cathay-pacific-property-units","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/swire-expects-losses-in-first-half-report-as-coronavirus-hits-cathay-pacific-property-units\/","title":{"rendered":"Swire expects losses in first-half report as coronavirus hits Cathay Pacific, property units"},"content":{"rendered":"


\nHong 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\u2019s biggest assets.\u201cThe coronavirus has adversely affected our business in Hong Kong and mainland China and the impact on Cathay Pacific is especially clear,\u201d chairman Merlin Swire said at a media briefing on Thursday. \u201cIt is the big problem, expecting substantial loss in the first half\u201d despite measures to trim\u2026
\n
\nSource : South China Morning Post
\nRead more…Swire expects losses in first-half report as coronavirus hits Cathay Pacific, property units<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong conglomerate Swire Pacific expects to record a loss in the first six months...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-114876","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-tSQ","jetpack-related-posts":[{"id":95721,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/swire-pacific-first-half-profit-dives-67-per-cent-hurt-by-cathay-pacific-and-marine-services-losses\/","url_meta":{"origin":114876,"position":0},"title":"Swire Pacific first-half profit dives 67 per cent, hurt by Cathay Pacific and marine services losses","date":"August 9, 2018","format":false,"excerpt":"\r Swire Pacific, one of Asia\u2019s largest conglomerates, saw underlying profit plunged 67 per cent in the first half as gains in investment property sales failed to offset losses from Cathay Pacific Airways and its marine services business. Excluding revaluation gains on investment properties, the underlying profit was HK$1.27 billion\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71386,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/swire-pacific-issues-profit-warning-says-competition-a-headwind-for-cathay-pacific\/","url_meta":{"origin":114876,"position":1},"title":"Swire Pacific issues profit warning, says competition a headwind for Cathay Pacific","date":"November 9, 2017","format":false,"excerpt":"\r Hong Kong-listed conglomerate Swire Pacific issued a profit warning Thursday, its second in 10 years, saying the operating environment of its aviation unit Cathay Pacific Airways remained tough in the second half owing to strong competition. \u201cCathay Pacific does not expect the operating environment in the second half of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79498,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/from-coca-cola-to-cathay-pacific-swire-pacifics-five-major-businesses-in-hong-kong\/","url_meta":{"origin":114876,"position":2},"title":"From Coca-Cola to Cathay Pacific, Swire Pacific\u2019s five major businesses in Hong Kong","date":"February 9, 2018","format":false,"excerpt":"\r From daily items such as a bottle of Coca-Cola and a packet of sugar, to high-rise shopping malls in Hong Kong\u2019s prime central areas, one would find it almost impossible to escape the influence of this Hong Kong conglomerate whose sprawling business empire spans five sectors. Butterfield and Swire,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79480,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cathay-pacific-and-offshore-marine-business-will-test-incoming-swire-chairman\/","url_meta":{"origin":114876,"position":3},"title":"Cathay Pacific and offshore marine business will test incoming Swire chairman","date":"February 9, 2018","format":false,"excerpt":"\r Turning around the fortunes of Swire Pacific\u2019s aviation and offshore marine services divisions will be the two biggest challenges facing incoming chairman Merlin Bingham Swire, according to analysts. Merlin Swire, 44, chief executive of the HK$106 billion (US$13.6 billion) Swire Group, is a sixth-generation descendant of its 19th-century founder,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118212,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/swire-pacific-posts-record-loss-in-first-half-as-covid-19-chokes-aviation-property-businesses\/","url_meta":{"origin":114876,"position":4},"title":"Swire Pacific posts record loss in first half as Covid-19 chokes aviation, property businesses","date":"August 13, 2020","format":false,"excerpt":"\r Swire Pacific, the single-largest owner of Hong Kong flag carrier Cathay Pacific Airways, fell to its first-ever loss after absorbing substantial blows in the aviation, property and oil-related businesses triggered by the coronavirus pandemic.The group incurred an underlying loss of HK$5.48 billion (US$707 million) for the six months ended\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":143014,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-swire-pacific-posts-record-us4-6-billion-profit-on-cathay-boost-eyes-healthcare-to-offset-property-market\/","url_meta":{"origin":114876,"position":5},"title":"Hong Kong\u2019s Swire Pacific posts record US$4.6 billion profit on Cathay boost, eyes healthcare to offset property market","date":"March 14, 2024","format":false,"excerpt":"\r Conglomerate reports record profit of HK$36.2 billion (US$4.6 billion) for 2023, nearly eight times better than 2022\u2019s HK$4.7 billion.\r \r Source : South China Morning Post\r Read more...Hong Kong\u2019s Swire Pacific posts record US.6 billion profit on Cathay boost, eyes healthcare to offset property market","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/114876"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=114876"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/114876\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=114876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=114876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=114876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}