Cathay Pacific Shares Have Longest Losing Slide in 14 Years

Cathay Pacific Airways Ltd. shares had their longest losing streak in 14 years after Chief Executive Officer Ivan Chu’s comments that the yuan’s devaluation won’t have a major effect on the airline failed to persuade investors.

The shares fell 3.3 percent in Hong Kong trading, a ninth consecutive day of declines. The stock closed at HK$14.88, the lowest level since Nov. 10, 2014.