Swire Pacific Ltd (0087.HK)
18 May 2018
SHANGHAI/SINGAPORE Cathay Pacific posted a smaller than expected annual loss due to a rebound in the cargo market, moderating ticket price falls and lower fuel hedging losses, prompting analysts to call that the worst was over for the Hong Kong airline.
* Annual loss HK$1.26 bln vs HK$2.15 bln loss expected by analysts
BRIEF-Swire Properties's Unit To Buy 50 Pct Stake In Shanghai Qianxiu From Shanghai Newbund For RMB1.35 Bln
* UNIT TO BUY 50% STAKE IN SHANGHAI QIANXIU CO LTD FROM SHANGHAI NEWBUND COMPANY FOR RMB1,349 MILLION
* JOHN ROBERT SLOSAR TO RETIRE AS CHAIRMAN AND A DIRECTOR OF SWIRE PACIFIC LIMITED
SINGAPORE Loss-making Cathay Pacific Airways Ltd hired McKinsey & Co consultants earlier this year to advise on a transformation plan, drawing on turnarounds at regional rivals such as Qantas Airways Ltd and Japan Airlines Co Ltd .