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Cathay Pacific Could Shrink Boeing 777X Order

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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 record annual loss of $2.8-billion, focuses on preserving cash

Cathay Pacific posts record annual loss of $2.8-billion, focuses on preserving cash
Jamie Freed
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Hong Kong’s Cathay Pacific Airways Ltd said on Wednesday it was focused on preserving cash after it posted a record annual loss of HK$21.65 billion ($2.79 billion), caused by a travel downturn, restructuring costs and fleet writedowns.
The 2020 loss compared with 2019 profit of HK$1.69 billion and was worse than an average forecast for a net loss of HK$19.9 billion by 13 analysts, according to Refinitiv. ....

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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 Pacific posts record US$2.8 billion annual loss, focuses on preserving cash

HONG KONG: Hong Kong's Cathay Pacific Airways said on Wednesday (Mar 10) it was focused on preserving cash after it posted a record annual loss of . ....

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