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The Independent UK
The Independent UK
National
Zen Soo

Hong Kong's Cathay posts $834 million loss for 2022

Cathay Hong Kong Cathay Pacific Airways Ltd
Copyright 2023 The Associated Press. All rights reserved

Cathay Pacific Airways Ltd. said it was ready to rebuild as Hong Kong opened up to global visitors, despite reporting wider losses in 2022.

The airline reported an annual loss of 6.55 billion Hong Kong dollars ($834.4 million) for the year ending Dec. 31 — an 18.5% increase in losses from 2021 amid strict entry restrictions into the city. However, Cathay saw revenue grow 12% to 51 billion Hong Kong dollars ($6.5 billion) as quarantine requirements in Hong Kong were relaxed in the second half of 2022.

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