Cathay Pacific shares fall more than 4%, a day after results
FILE PHOTO: Cathay Pacific aircraft are seen at Hong Kong International Airport, in Hong Kong, China November 28, 2024. REUTERS/Tyrone Siu/ File Photo
HONG KONG :Shares of Cathay Pacific Airways fell 4.5 per cent in early trade on Thursday after the Hong Kong flagship carrier warned of declining airfares, challenges at its budget carrier and uncertain cargo market conditions.
Stock of the airline fell to HK$10.36 per share, the lowest level since June 24. That compared to a 0.3 per cent gain in the broader market.
Source: Reuters
