Cathay Pacific Airways Ltd. said it was ready to rebuild as Hong Kong opened up to global visitors, despite reporting wider losses in 2022.
said it was ready to rebuild as Hong Kong opened up to global visitors, despite reporting wider losses in 2022. – said it was ready to rebuild as Hong Kong opened up to global visitors despite reporting wider losses in 2022.
Cathay attributed the significant loss in 2022 to results from its associates, including Air China, that “reflected the continuing impact of the COVID crisis on our Chinese mainland investments,” Cathay Chair Patrick Healy told a news conference Wednesday. Cathay has been slower to recover than regional rivals such as Singapore Airlines after Hong Kong aligned with mainland China’s restrictions and stance on COVID-19. The city was among the last places in the world to, and for most of 2022 had required incoming travelers to serve a mandatory quarantine.
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Cathay Pacific posts wider $834 mln loss in 2022, upbeat on outlookHong Kong's Cathay Pacific Airways Ltd reported on Wednesday a loss of HK$6.55 billion ($834.42 million) for 2022, wider than the previous year's HK$5.53 billion loss, but was positive about the outlook, now that quarantining is no longer required.
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