Cathay Pacific's Recovery Hits Rough Patch on Oil, Trade War
- Rising crude prices to drag down Cathay’s first-half earnings
- Cargo unharmed by trade war so far, but uncertainties ahead
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It’s turning out to be a bumpy road to recovery for Cathay Pacific Airways Ltd.
Just when the premium airline was showing signs of a rebound, crude oil played spoilsport again, denting early gains from a transformation plan that Chief Executive Officer Rupert Hogg considers crucial to survival. More uncertainty lies ahead for the world’s third-largest carrier as a global trade war escalates.