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Cathay Pacific Loses HK$2 Billion in February Due to Virus

  • Airline to operate bare skeleton flight schedule in April
  • Carrier says advance passenger bookings show no recovery signs
Tail fins of Cathay Pacific Airways Ltd. aircraft are seen at Hong Kong International Airport in Hong Kong, China.

Tail fins of Cathay Pacific Airways Ltd. aircraft are seen at Hong Kong International Airport in Hong Kong, China.

Photographer: Paul Yeung/Bloomberg
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Cathay Pacific Airways Ltd. said it made a “significant” unaudited loss of more than HK$2 billion ($257 million) in February alone because of widespread disruption from the coronavirus, which has left the global aviation industry reeling.