Stock Market News
Cathay Pacific Airways raises passenger capacity forecast
2022.09.16 07:22
© Reuters. FILE PHOTO: A sign of Cathay Pacific is seen at its headquarters Cathay City in Hong Kong, China October 21, 2020. REUTERS/Lam Yik
(Reuters) – Hong Kong’s Cathay Pacific Airways (OTC:) expects to reach a third of pre-pandemic passenger capacity by the end of the year, increasing from a previous estimate of one quarter, after crew quarantine rules were lifted, it said on Friday.
Hong Kong last week announced it would end onerous rules that required crew members on passenger flights to quarantine in a hotel for three days on return to the city.