Cathay Pacific shares tumble to 10-year low on flight cancellations
China’s civil aviation regulator has demanded the airline suspend personnel who engage in, or support, illegal protests in Hong Kong
12 August 2019 - 16:02
Beijing/Hong Kong — Shares in Cathay Pacific Airways closed at a 10-year low on Monday after the Hong Kong flag carrier became caught in crosswinds between Beijing and pro-democracy groups in the Asian financial hub.
Increasingly violent protests since June have plunged Hong Kong into its most serious crisis in decades and are one of the biggest popular challenges to Chinese leader Xi Jinping since he came to power in 2012...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.