Cargo business of Hong Kong’s Cathay ‘set for sharp decline amid Trump tariffs’
Hong Kong flag carrier Cathay Pacific Airways’ cargo business faces declining China-US e-commerce volumes, rising chartered flight cancellations and falling freight spot rates, but full-year profits could be cushioned by lower jet fuel costs, according to a research report. The report, which was published by HSBC on Wednesday, also said the company’s cargo business would…
