Wednesday, 10 Mar 2021 09:24 PM MYT
A passenger plane of Cathay Pacific Airways parks at the airport in Colomiers near Toulouse November 24, 2016. Reuters pic
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HONG KONG, March 10 Hong Kong carrier Cathay Pacific said today it suffered a record US$2.8 billion (RM11.5 billion) loss last year as the coronavirus pandemic wiped out demand for travel and the airline warned of a long road to recovery ahead.
Chairman Patrick Healy described 2020 as the “most challenging” in the airline’s 70-year history and said much will now depend on how effective and widespread global vaccination programmes are.
Cathay Pacific Airways posts record losses for 2020
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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.
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