2 days ago, I dumped 2 prominent Asian airline stocks — Singapore Airlines (C6L) on SGX and Cathay Pacific Airways (293) on HKEX. It is a late move on my part due to expectations of possible recovery towards the end of the year. However with the onset of second wave and even third wave for COVID-19 in some countries, I strongly believe that it is a move that is better executed now than never. Both SIA and Cathay had recent rights issue (Jun and Jul respectively) as part of a rescue plan to stay afloat during this critical period. I had subscribed earlier to SIA rights, to prevent dilution of my holdings and a possible revival of international travel in the latter half of the year. However, in the month of July when Cathay opened up for subscription of its rights, I decided not to go ahead due to the third wave in Hong Kong and internal (HK-China) / external (USA-China) tensions. I foresee these uncontrollable factors to worsen the situation for Cathay....