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Cathay Pacific Airways Sees H2 Results Significantly Below H1

Cathay Pacific Airways Ltd. (CPCAF.OB,CPCAY.PK) said that it expects second-half financial results will be significantly below its first-half financial results.

The company noted that second half results to date and the outlook for the remainder of 2019 is challenging.

The company has reduced planned winter 2019 capacity growth by more than 6% to align capacity to passenger and cargo demand, with a keen focus on associated cost reductions.

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