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Cathay Pacific projects narrower losses
Friday, 14 Jun, 2022
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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.
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