Cathay Pacific sees trade spats hurting demand

Bloomberg

Cathay Pacific Airways said geopolitical and trade tensions are likely to damage the business after the airline rebounded to a profit in the first half.
Protests in Hong Kong cut inbound passenger traffic in July and are “adversely” affecting bookings, Cathay said in a statement Wednesday. First-half net income was $172 million compared with a year-ago loss of HK$263 million.
With some companies advising staff to put off travel to Hong Kong, Cathay’s second-half performance could come under further pressure. Cathay canceled more than 150 flights as a general strike shut down the city. Australia on August 6. warned travelers to Hong Kong to “exercise a high degree of caution.”