Salem Radio Network News Saturday, March 25, 2023


Cathay Pacific Airways ready to rebuild as Hong Kong opens up


Cathay Pacific Airways says it’s ready to rebuild as Hong Kong opens up to global visitors, despite reporting wider losses in 2022

In a filing, the airline reported an annual loss of $834.4 million for the year ending December 31. That’s an 18.5% increase in losses from 2021. Hong Kong had strict entry restrictions during the COVID-19 pandemic, but is heavily promoting tourism since opening up. However, revenue grew 12% to $6.5 billion.


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Steve Breen
Sun, Mar 19, 2023