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Cathay Pacific bullish for 2023 despite higher FY22-loss

Cathay Pacific bullish for 2023 despite higher FY22-loss

by Richard Schuurman | Jan 21, 2023 | Airlines | 0 comments

Cathay Pacific expects a consolidated loss for FY22 of between HK$6.4 and HK$7.0 billion, which compares to HK$5.5 billion in FY21. It mainly attributes the deeper loss to the “significant losses” from associates that are recognized three months in arear, the Hong...
Cathay Pacific expects substantial full-year loss

Cathay Pacific expects substantial full-year loss

by Richard Schuurman | Nov 18, 2022 | Airlines | 0 comments

Despite a marked improvement in the first six months of the year, Cathay Pacific Group expects a “substantial loss” for the full year 2022, it said on November 18 in its October traffic release. Cathay Pacific expects substantial full-year loss. While the airline and...
Cathay Pacific on course to recover its network

Cathay Pacific on course to recover its network

by Richard Schuurman | Oct 17, 2022 | Airlines | 0 comments

Cathay Pacific says it is “on course” to double the number of destinations by the end of the year to around sixty, compared to 29 in January this year. The airline is benefitting from the relaxation of travel restrictions and quarantine in Hong Kong. Cathay Pacific on...
Cathay Pacific improves despite difficult HY1

Cathay Pacific improves despite difficult HY1

by Richard Schuurman | Aug 10, 2022 | Airlines | 0 comments

Actually, it is a kind of a miracle: despite severe travel restrictions into Hong Kong, Cathay Pacific has been able to improve its financial results in HY1 2022. The carrier reported an HK$-4.999 billion net loss compared to HK$-7.564 billion in the first six months...
Singapore and Cathay slowly benefit from relaxation

Singapore and Cathay slowly benefit from relaxation

by Richard Schuurman | Jun 16, 2022 | Airlines | 0 comments

Relaxed Covid restrictions have improved the results of two of Asia’s key airlines in May. Both Singapore Airlines and Cathay Pacific have reported higher passenger numbers and capacity for the past month, which confirms that Southeast Asia is slowly opening up....
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