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Cathay Pacific has returned to profitability for the first time since the pandemic, reporting a HK$4.763 billion net profit for the first half year of 2023. The carrier recovered strongly after travel restrictions in Hong Kong and China were lifted,…
Cathay Pacific will take most of this year to build back capacity to seventy percent of pre-Covid levels by the end of 2023 and return to pre-pandemic levels in 2024. It will do this through a “measured and responsible approach”…
Actually, it is a kind of a miracle: despite severe travel restrictions into Hong Kong, Cathay Pacific has been able to improve its financial results in HY1 2022. The carrier reported an HK$-4.999 billion net loss compared to HK$-7.564 billion in…
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…
The reduced available capacity of Cathay Pacific due to recently implemented travel restrictions and strict crew quarantine measures are expected to impact its cash burn by HK$1.0 to 1.5 billion per month, the airline said on January 24. And that’s just…