Adds particulars, background
Adds particulars, background
Feb 17 (Reuters) – Cathay Pacific Airways 0293.HK is anticipating a big drop in its first-half outcomes and has additionally reduce capability because of the coronavirus outbreak, it stated on Monday.
Extreme journey restrictions because of a coronavirus outbreak in China, which has precipitated about 1,770 deaths throughout mainland China, have led to a steep rise in flight cancellations.
“The primary half of 2020 was already anticipated to be extraordinarily difficult financially,” the corporate stated in a press release.
“On account of this extra vital drop in demand for flights and consequential capability discount attributable to the novel coronavirus outbreak, the monetary outcomes for the primary half of 2020 shall be considerably down on the identical interval final yr.”
Flight cancellations have led the variety of clients looking for refunds to skyrocket. The airline has informed these affected, together with some air present delegates, that…