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Cathay Pacific posts record annual loss

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Hong Kong's Cathay Pacific Airways reported its worst annual loss to date in 2020.

The company last year lost $2.8 billion amid the coronavirus pandemic's impact on the travel industry.

"Market conditions remain challenging and dynamic," Cathay Chairperson Patrick Healy said in a statement. "All our cash preservation measures will continue unabated."

Read more from Reuters.

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