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Cathay Pacific narrows first-half loss as passenger numbers rise
2022.08.10 07:18
FILE PHOTO: A Cathay Pacific aircraft takes off at the airport, during the coronavirus disease (COVID-19) pandemic, in Hong Kong, China, March 31, 2022. REUTERS/Tyrone Siu/
(Reuters) – Hong Kong’s Cathay Pacific Airways (OTC:CPCAY) Ltd posted on Wednesday a first-half loss of HK$5 billion ($637 million), narrowing from the prior year’s HK$7.57 billion, as easing quarantine rules boosted passenger numbers.
The airline said in June it expected a lower first-half loss than the prior year, though it warned the figure would still be “substantial”.
($1 = 7.8495 Hong Kong dollars)
