Hong Kong's Cathay Pacific Airways Ltd said strict air crew quarantine rules were crimping its ability to take advantage of rising travel demand, even as it narrowed its first-half loss to HK$5 billion .
Hong Kong is also one of the few places in the world, along with mainland China and Taiwan, to still require COVID-19 quarantine for arriving passengers, though such hotel stays are to be cut to three days from seven, officials in the financial hub said this week. Its loss was narrower than the HK$7.57 billion reported a year earlier, with cash flow turning positive toward the end of the half, and it expects its financial results to improve in the second half.Cathay on Wednesday reiterated that it expected passenger capacity to approach up to 25 per cent of pre-pandemic levels by year-end, up from 11 per cent in June.
in the June quarter, when it operated 61 per cent of pre-pandemic capacity. SIA expects that to rise to 81 per cent by the end of December.
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Cathay Pacific narrows loss, outlook clouded by crew COVID rules:Hong Kong's Cathay Pacific Airways Ltd said strict air crew quarantine rules were crimping its ability to take advantage of rising travel demand, even as it narrowed its first-half loss to HK$5 billion ($636.98 million).The carrier is falling far behind traditional rival Singapore Airlines Ltd (SIA) in resto
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Cathay Pacific narrows loss, outlook clouded by crew COVID rules:Hong Kong's Cathay Pacific Airways Ltd said strict air crew quarantine rules were crimping its ability to take advantage of rising travel demand, even as it narrowed its first-half loss to HK$5 billion ($636.98 million).The carrier is falling far behind traditional rival Singapore Airlines Ltd (SIA) in resto
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