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Cathay Pacific Airways posts record losses for 2020 3 Covid-19 pandemic scars Hong Kong airline published : 10 Mar 2021 at 18:54 3 An aircraft operated by Cathay Pacific Airways takes off from the Hong Kong International Airport in Hong Kong on Tuesday. (Bloomberg photo) HONG KONG: Cathay Pacific Airways on Wednesday revealed record losses of HK$21.6 billion (US$2.8 billion) in 2020, a year blighted by the Covid-19 pandemic – the worst crisis in commercial aviation history. The Hong Kong flag carrier’s annual financial performance sank even lower than predicted, as it posted one of the biggest losses for a city-listed company since the public health crisis emerged more than a year ago. ....