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Cathay Pacific warns of $1.3bn net loss due to COVID

Hong Kong airline group says outlook remains 'incredibly uncertain'

Cathay Pacific operated at about 4% of its normal passenger service level in June, a rate set to rise in July to 7% and as high as 10% in August. (Photo by Akira Kodaka) 

HONG KONG -- Cathay Pacific Airways warned Friday that it expects to record a net $1.28 billion loss for the first half of 2020 due to the impact of the coronavirus pandemic, but said it plans to resume more flights even as the business outlook remains murky.

"The landscape of international aviation remains incredibly uncertain with border restrictions and quarantine measures still in place across the globe," said Ronald Lam, chief customer and commercial officer, in the Hong Kong airline group's announcement. "Although we have begun to see some initial developments... we are still yet to see any significant signs of immediate improvement."

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