Cathay Pacific Group highlighted the valiant effort of its cargo division in its 2020 annual results as its overall performance, particularly the passenger business, was severely hit, no thanks to the pandemic. The group reported a record annual loss of US$2.8 billion (HK$21.65 billion) last year, with group revenue down 51.6 percent from 2019 to US$6.04 billion (HK$46.9 billion). “The Cathay Pacific Group experienced the most challenging 12 months of its more than 70-year history in … [Read more...] about Cathay takes record loss despite positive cargo revenue