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Jefferies says Cathay Pacific restructuring removes key overhang for airline
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Vivienne Tay
Published Wed, Oct 21, 2020 · 09:50 PM
Singapore
CATHAY Pacific Airways' restructuring removes a key overhang for the airline, but earnings recovery will depend on the opening of the Singapore-Hong Kong air travel bubble (ATB), Jefferies' research team said.
Jefferies equity analyst Andrew Lee said Cathay Pacific's HK$2.2 billion (S$384.8 million) restructuring plans announced on Wednesday were broadly in line with expectations.
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