Cathay Pacific shares hit three-and-half-month high after rescue package, outlook uncertain

June 10, 2020 admin Business News Comments Off on Cathay Pacific shares hit three-and-half-month high after rescue package, outlook uncertain

Shares of Cathay Pacific Airways Ltd surged as much as 18.7% on Wednesday, reaching their highest level since Feb. 24, after the carrier announced a HK$39 billion ($5 billion) recapitalisation plan led by the Hong Kong government.

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Source:: Reuters – Business News