HONG KONG (Reuters) -Shares of Cathay Pacific Airways fell 4.5% in early trade on Thursday after the Hong Kong flagship carrier warned of declining airfares, challenges at its budget carrier and uncertain cargo market conditions.
Stock of the airline fell to HK$10.36 per share, the lowest level since June 24. That compared to a 0.3% gain in the broader market.
(Reporting by Hong Kong newsroom; Editing by Himani Sarkar)
