:Cathay Pacific Airways Ltd on Friday forecast a fiscal 2022 loss between HK$6.40 billion and HK$7.00 billion, but highlighted an upbeat outlook after Hong Kong and mainland China lifted quarantine rules.
Cathay's downbeat outlook follows a forecast by the company in November of a"substantial" annual loss, even though the carrier said at that time its second-half results were expected to improve sequentially.Air China Ltd reported disappointing metrics during the month of December, as many Chinese airlines struggled with capacity constraints.
Demand for travel to short-haul leisure destinations shot up recently, with the company anticipating continued strength in demand in January and the Chinese New Year period, Lam said.
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