Cathay manager Swire vows support for China; shares plumb 10-year lows [Reuters]
CATHAY PAC AIRWAYS S/ADR (CPCAY)
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cathaypacific.com/cx/en_us/about-us/investor-relations/financial-briefings.html
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Source: Reuters
Cathay manager Swire vows support for China; shares plumb 10-year lows SINGAPORE/HONG KONG (Reuters) - The top shareholder and manager of Cathay Pacific Airways condemned protests in Hong Kong and vowed to follow China’s aviation regulations, after the airline suspended a second pilot on Tuesday as deepening unrest hit its operation and stock. Cathay ( 0293.HK Shares in the Hong Kong flag carrier sunk to a 10-year low, hit by concerns that Beijing could slap further sanctions on the airline, causing more damage to its brand. Just last week, China’s aviation regulator demanded Cathay suspend personnel who engaged in or supported illegal protests in Hong Kong from staffing flights into its airspace, a directive the carrier complied with by suspending a pilot. The airline also fired two ground staff and sent out a warning email to its employees. “We condemn all illegal activities and violent behavior, which seriously undermine the fundamental principle of ‘One Country, Two Systems’ as en
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