The Covid-19 pandemic has dragged Hong Kong’s flag carrier airline, Cathay Pacific, into a record annual loss. Cathay Pacific gave a bleak illustration of the impact of the lockdowns, unveiling its worst ever financial results today. It lost HK$21.6bn in 2020, due to the grounding of flights around the world and major restructuring costs, and said last year had been “the most challenging 12 months of its more than 70-year history”.
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