Hong Kong flagship airline Cathay Pacific hit with financial trouble amid coronavirus outbreak

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Hong Kong flagship airline Cathay Pacific hit with financial trouble amid coronavirus outbreak

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Hong Kong’s flagship airline Cathay Pacific Airways is scrambling to ride out a financial storm caused by the coronavirus outbreak, coming right on the heels of months of anti-government protests in its home city as well as the US-China trade war. As the region tries to prevent the spread of the virus that causes the deadly Covid-19 illness, Cathay Pacific has cancelled more than a half of its scheduled flights in February and March 2020. Aviation experts say that as the outbreak wreaks havoc on air travel, Hong Kong’s international airport is also likely to be struggling to take off again at a pace even slower than was after the 2002-2003 Sars outbreak.

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