Cathay Pacific shares were choppy in opening trade on Monday after the...
) shares were choppy in opening trade on Monday after the shock exit of CEO Rupert Hogg, as the airline grapples with mounting Chinese scrutiny over the involvement of some of its staff in anti-government protests in Hong Kong.
Cathay has emerged as the highest-profile corporate target as Beijing looks to quell protests that have gone on for 11 straight weeks in the Chinese-controlled territory. Cathay swung to its first profit for the January-June period since 2016 on the back of a transformation plan led by Hogg and forecast it would post higher earnings in the seasonally better second half.
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