Cathay Pacific Airways could face further pressure for another round of cost-cutting in the face of an estimated HK$1.2 billion in losses for the first six months of this year one of the worst results in its operating history, according to analysts.
The figure was compared to a HK$353 million profit in the same period last year, and a HK$575 million full-year loss previously, with the latest financial results of Hong Kongs ailing flagship carrier due on Wednesday.
The company had earlier trimmed 600 jobs as part of a three-year business restructuring aimed at saving HK$4 billion over the period.
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