Cathay Pacific posts record loss
CHALLENGING:
The road to recovery would depend on how effective and widespread global vaccination programs are, said the airline, which posted a US$2.8 billion loss
AFP, HONG KONG
Hong Kong carrier Cathay Pacific Airways Ltd (國泰航空) yesterday said it suffered a record US$2.8 billion loss last year as the COVID-19 pandemic wiped out demand for travel — and the airline warned of a long road to recovery ahead.
Cathay chairman Patrick Healy described last year as the “most challenging” in the airline’s 70-year history and said much would depend on how effective and widespread global vaccination programs are.