{"id":118212,"date":"2020-08-13T15:00:14","date_gmt":"2020-08-13T08:00:14","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/swire-pacific-posts-record-loss-in-first-half-as-covid-19-chokes-aviation-property-businesses\/"},"modified":"2020-08-13T16:04:27","modified_gmt":"2020-08-13T09:04:27","slug":"swire-pacific-posts-record-loss-in-first-half-as-covid-19-chokes-aviation-property-businesses","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/swire-pacific-posts-record-loss-in-first-half-as-covid-19-chokes-aviation-property-businesses\/","title":{"rendered":"Swire Pacific posts record loss in first half as Covid-19 chokes aviation, property businesses"},"content":{"rendered":"


\nSwire 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 June 30, it said in a filing to the Hong Kong stock exchange on Thursday. The figure, which excluded revaluation loss on investment properties, compared with\u2026
\n
\nSource : South China Morning Post
\nRead more…Swire Pacific posts record loss in first half as Covid-19 chokes aviation, property businesses<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Swire Pacific, the single-largest owner of Hong Kong flag carrier Cathay Pacific Airways, fell to...<\/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-118212","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-uKE","jetpack-related-posts":[{"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":118212,"position":0},"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":109746,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/swire-pacific-sees-stronger-headwinds-as-hong-kong-grapples-with-increasingly-disruptive-protests\/","url_meta":{"origin":118212,"position":1},"title":"Swire Pacific sees stronger headwinds as Hong Kong grapples with increasingly disruptive protests","date":"August 8, 2019","format":false,"excerpt":"\r Swire Pacific, one of Asia\u2019s largest conglomerates, said that the protests in Hong Kong have affected many of its businesses, but is in a financially strong position to weather any challenges that could come its way.Swire Pacific, whose businesses span aviation, real estate and offshore marine services, on Thursday\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":118212,"position":2},"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":82763,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/swire-pacific-profit-up-by-a-half-as-property-sales-offset-losses-from-aviation-marine-services\/","url_meta":{"origin":118212,"position":3},"title":"Swire Pacific profit up by a half as property sales offset losses from aviation, marine services","date":"March 15, 2018","format":false,"excerpt":"\r Swire Pacific, one of Asia\u2019s largest conglomerates, saw underlying profit surge 55 per cent last year, as strong property income offset losses from aviation and marine services. Excluding revaluation gains on investment properties, underlying profit was HK$4.74 billion in the year ended December, according to the firm\u2019s filing to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114876,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/swire-expects-losses-in-first-half-report-as-coronavirus-hits-cathay-pacific-property-units\/","url_meta":{"origin":118212,"position":4},"title":"Swire expects losses in first-half report as coronavirus hits Cathay Pacific, property units","date":"March 12, 2020","format":false,"excerpt":"\r 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\u2019s biggest assets.\u201cThe coronavirus has adversely affected our business in Hong Kong and mainland China and the impact\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":118212,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118212"}],"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=118212"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118212\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=118212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=118212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=118212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}