Hong Kong flag carrier Cathay Pacific has reported a deeper group-wide loss of HK$1.3 billion ($160.6 million) for 2017, although a return to profit in the second half signals its transformation plan is yielding results. The Cathay Group’s full-year loss was more than double its loss of HK$575 million in 2016. However, it reported a profit of HK$792 million profit for the second half of 2017, compared to a loss of HK$928 million in the same period a year earlier. Results from the ...

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