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Cathay Pacific announces deep losses for 2020

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Cathay Pacific announces deep losses for 2020

Cathay Pacific has reported a net loss of HK$21.648bn ($2.8bn) for 2020 compared to a profit of HK$1.691bn in 2019. The loss for 2020 is net of the receipt of HK$2.689bn of COVID-19-related government grants globally and includes impairment and related charges of HK$4.056bn relating to 34 aircraft t...

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