Tango-Tiger

Cathay Pacific Airlines reported a net loss of HK$7.57 billion or $973 million in the first half of this year. while operating results fell 42.7 percent to 15.85 billion Hong Kong dollars.
Cathay Pacific Airways said today that The slotxo airline's loss was declining from the same period last year, which was HK$9.87 billion. due to cost reduction measures and was driven by the increasing demand for air freight services. by the number of losses this year in line with the airline's expectations that The loss situation in the first half of 2021 is likely to decrease from the previous year.

"Covid-19 outbreak It continues to create significant challenges in many areas for Cathay. The Group will be in the first half of 2021 and this period will continue to be the most difficult period in our history,” Cathay President Patrick Healy said. Pacific said in a statement.



Cathay Pacific does not have a domestic market to support it. And there are few passengers using the service during the Covid-19 epidemic, despite strong growth in the air cargo business.

Cathay Pacific expects to be able to reduce its monthly cash usage in the second half of the year. After the easing of disease control measures to accommodate vaccinated crew and passengers, 30% of the pre-epidemic rate in the fourth quarter of this year.

Refinitiv analysts compiled the forecast for the airline's full-year 2021 loss of around HK$9.85 billion. This indicates an improving trend in the second half of the year.