SUBSCRIBERS
Jefferies says Cathay Pacific restructuring removes key overhang for airline
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Electrolux Q1 loss nearly triples on weak demand but beats expectations
DigitalBridge-backed Vantage said to weigh Hong Kong data centres sale
Vietnam delays launch of new stock trading system
Tesla’s plan for affordable cars takes page from Detroit rivals
Meituan to debut in Riyadh as expansion beyond China quickens
Mapletree Industrial Trust to distribute S$13 million of divestment gains over next 4 quarters