Hong Kong-based airline Cathay Pacific has issued a profit warning for the second time in a month, amid a continued tough environment. 

The result is now expected to be significantly worse in the second half of the year, compared to the first. The company is pressured by the protests in Hong Kong, which are affecting the tourism industry, among other things. In October, the number of passengers decreased by 7.1 percent.

Cathay Pacific states that the market is uncertain and challenging.

It was not even a month ago, on October 18, that the company last lowered its profit outlook. At that time, Cathay was also forced to cancel a planned corporate bond issue due to the unrest in the region.

In August, Cathay's then-CEO Rupert Hogg resigned in surprise, shortly after the company fired two captains who participated in illegal demonstrations. China has been exerting pressure on the airline in recent months, including banning flight crews who have taken part in anti-government protests from flying in Chinese airspace.

The company's stock has fallen 21 percent on the Hong Kong stock exchange over the past six months.

Source:finwire-di.se