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Cathay reduces losses in “extremely challenging” year

Cathay reduces losses in “extremely challenging” year

by Richard Schuurman | Mar 9, 2022 | Airlines | 0 comments

Despite an “extremely challenging” start to 2022, Cathay Pacific is “resolutely committed” to protecting its position as a leading airline at its Hong Kong hub. “We have absolute confidence in the long-term future of Hong Kong. Everything we do at Cathay Pacific is in...
Cathay’s hopes depend on Hong Kong’s reopening

Cathay’s hopes depend on Hong Kong’s reopening

by Richard Schuurman | Aug 11, 2021 | Airlines | 0 comments

The uncertain pace of vaccination rollouts and the related relaxing of travel restrictions dampen the expectations of Cathay Pacific about a swift recovery. The Hong Kong-based carrier hopes to operate at thirty percent capacity for the rest of this year, it said on...
Cathay ends 2020 at -21.6 billion loss – further staff reductions imminent

Cathay ends 2020 at -21.6 billion loss – further staff reductions imminent

by Richard Schuurman | Mar 10, 2021 | Airlines | 0 comments

Cathay Pacific’s short-term outlook remains “challenging”, but the Hong Kong carrier is “absolutely confident” on the long-term future and its competitive position. Cathay Pacific Group reported a record loss of HK$-21.648 billion on March 10, which...

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