United Kingdom
United States
Asia Pacific
Cathay Pacific projects narrower losses
Friday, 14 Jun, 2022
0
Cathay Pacific Airways expects to narrow first-half losses, thanks to cost-cutting and improved cargo revenues. However, losses are still ‘substantial’ says Ronald Lam, chief customer and commercial officer.
The airline lost HK$7.6 billion during the same period in 2021. It expects cash burn to fall to below HK$500 million a month. Cathay hopes to double the number of destinations it operates to by the end of the year. It also expects transit traffic to improve.
Read Full StoryRelated News Stories:
Ray Monty
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Storm Lilian travel chaos as bank holiday flights cancelled