Cathay Pacific has been further embroiled in the turmoil surrounding Hong Kong after announcing the resignation of Rupert Hogg as chief executive.
Cathay Pacific says the political unrest in Hong Kong has affected forward bookings as it reported a return to profitability for the first half of 2019.
Australia's International Air Services Commission has rejected a proposed codeshare between Cathay Pacific and Qantas on the Australia-Hong Kong route
Virgin Australia says Qantas has provided no new evidence to justify a re-assessment of its proposed codeshare with Cathay Pacific on Australia-Hong Kong routes.
Cathay Pacific has warned of "tremendous pressure" on yields amid strong competition, slowing demand for air travel and a difficult cargo market.
Qantas says the proposed codeshare with Cathay Pacific could go ahead subject to a period of review to determine if any "hypothetical concerns" eventuated.