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