Shares of Cathay Pacific rebounded in Wednesday morning trade, but 'much uncertainty' remains ahead in the market, according to Luya You of Bocom International.
that "on multiple occasions," Cathay's flight personnel have participated in "violent assault," according to CNBC's translation.
It also ordered the carrier to provide identification information for its crew on mainland-bound flights, and said that crew members that do not receive the authority's approval won't be allowed into its airspace, including on flights bound for other destinations. "If things do significantly ... deteriorate then potentially yes, you know, the other airlines such as Air China, China Southern, even foreign airlines at Hong Kong International Airport could benefit from any displaced demand that goes from Cathay to anywhere else," she said.Looking ahead, You said it was "very hard to say" how Cathay Pacific was likely to respond further to the current situation.
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