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 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...
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...
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 a preliminary...
New travel restrictions and quarantine measures imposed by the Hong Kong government force Cathay Pacific to reduce capacity to the lowest level since May 2020. The airline will cut passenger capacity in January to just two percent compared to some ten percent in...
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