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Cathay Pacific posts worst first-half loss in at least 20 years

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Cathay Pacific posted an annual loss last year for the first time since the global financial crisis as state-supported Chinese airlines chipped away at its market share, particularly on international routes to and from China.

Shanghai

CATHAY Pacific Airways Ltd on Wednesday posted its worst first-half loss in at least 20 years and said it did not expect conditions to improve for the rest of the year, as it continues to lose customers to mainland Chinese competitors.

The

sentifi.com

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