Hong Kong protests take a toll as companies flag impact

Cathay Pacific Airways Ltd and the owner of Hong Kong's luxury Peninsula hotel became the latest companies to highlight the impact of recent protests on their business, as an escalating cycle of violence clouds the outlook for the city. Millions have taken to Hong Kong streets in anti-government protests that have intensified since mid-June, at times forcing banks, stores, shopping malls, restaurants and even government buildings to close as the demonstrations degenerated into violent clashes between police and activists. Hong Kong's flagship airline, Cathay Pacific, said on Wednesday the protests reduced inbound passenger traffic in July and travellers were weighing on forward bookings, as it reported it swung to a half-year profit.

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