Hong Kong’s Cathay Pacific Airways posts loss of nearly HK$5 billion for first half of 2022, as firm warns city is ‘far behind’ other aviation hubs
South China Morning Post
Excerpt
Aug 10, 2022
Hong Kong’s Cathay Pacific Airways has announced a loss of HK$4.99 billion (US$636.8 million) for the first half of 2022, 33.9 per cent down from the same period last year amid a strong rebound in passenger flights.
The figure, which is smaller than the HK$7.56 billion loss recorded in the first six months of 2021, was released as the city’s flagship carrier on Wednesday warned that Hong Kong had fallen “far behind” other international aviation hubs.
Cathay chairman Patrick Healy said the city’s strict anti-epidemic travel measures for aircrews were the “single biggest impediment” to the company’s plans to operate more flights.
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