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Cathay Posts Record $2.8 Billion Loss in Toughest Year Ever

Cathay Pacific Posts $2.8 Billion Loss in Toughest Year Ever
Bloomberg
3/10/2021
Cathay Pacific Airways Ltd. reported a net loss of HK$21.65 billion ($2.8 billion) for 2020, a period the carrier described as “the most challenging 12 months of its more than 70-year history” as the coronavirus pandemic brought unprecedented disruption to global air travel.
The outlook isn’t much better, according to Chairman Patrick Healy, who said “it is by no means clear how the pandemic and its impact will develop.” Hong Kong has largely closed its borders to non-residents and imposed 21-day mandatory hotel quarantine on those who return. Cathay expects to operate at well below 50% passenger capacity in 2021. ....

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Cathay Pacific Posts $2.8 Billion Loss in Toughest Year Ever

Cathay Pacific Posts $2.8 Billion Loss in Toughest Year Ever
Bloomberg
3/10/2021
Cathay Pacific Airways Ltd. reported a net loss of HK$21.65 billion ($2.8 billion) for 2020, a period the carrier described as “the most challenging 12 months of its more than 70-year history” as the coronavirus pandemic brought unprecedented disruption to global air travel.
The outlook isn’t much better, according to Chairman Patrick Healy, who said “it is by no means clear how the pandemic and its impact will develop.” Hong Kong has largely closed its borders to non-residents and imposed 21-day mandatory hotel quarantine on those who return. Cathay expects to operate at well below 50% passenger capacity in 2021. ....

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Cathay Posts Record $2.8 Billion Loss in Toughest Year Ever

Cathay Posts Record $2.8 Billion Loss in Toughest Year Ever
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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Cathay Crew to Work 21-Day Stints to Avoid Quarantine

Cathay Crew to Work 21-Day Stints to Avoid Quarantine
Bloomberg
2/19/2021
(Bloomberg)
Cathay Pacific Airways Ltd. is taking extreme measures to cope with new rules that will require flight crew to quarantine in Hong Kong from Saturday, introducing a rotation policy that puts staff out of action for almost one month at a time after they’ve completed 21-day shifts.
Crew who volunteer to take part in the airline’s so-called closed loop plan must isolate at Cathay’s Headland Hotel whenever they return to Hong Kong during their 21-day duty cycle. Once the three-week shift is over, they’ll need to self-isolate for 14 days in a hotel in Taikoo Shing on Hong Kong Island. Then they’ll get 14 days time off, bringing the full duty cycle to 49 days. ....

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Cathay Crew to Work 21-Day Stints to Avoid Quarantine

Cathay Crew to Work 21-Day Stints to Avoid Quarantine
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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