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COVID-ravaged Cathay shapes up for a tough second half

The Cathay Group has reduced its first-half 2021 loss to $HK7.56 billion ($US972 million) but expects to operate less than a third of pre-pandemic passenger capacity by the fourth quarter of this year.

Cathay chairman Patrick Healy warned that the airline continued to face “the toughest period in our history” as the emergence of coronavirus variants prompted tightened travel restrictions in Hong Kong and several key markets.

These included the February introduction of strict quarantine requirements for Hong Kong-based aircrew that affected the carrier’s ability to service passenger and cargo markets and saw significant reductions to schedules.

READ: Etihad optimistic despite slower read more ⇒

Source:: AirlineRatings.Com

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