|Day's Range||11.54 - 11.84|
|52 Week Range||10.00 - 13.08|
|PE Ratio (TTM)||-80.14|
|Dividend & Yield||0.01 (0.88%)|
|1y Target Est||N/A|
It’s one of the world’s premium airlines, but Hong Kong’s Cathay Pacific Airways has encountered severe turbulence. In 2017, for just the third time, Cathay skidded to an annual loss. In its glory days, Cathay, like its home turf, was a superconnecter for closed-off mainland China.
Hong Kong International Airport closed one of its two runways after a China Eastern Airlines Corp. aircraft skidded off the runway while landing in heavy rain.
Cathay Pacific Airways denied a report that it is retrenching another 200 employees, in addition to the 600 job cuts it announced earlier.