, Hong Kong
Photo from Cathay Pacific

Cathay Pacific narrows loss to $5b in H1

Progressive adjustments to COVID restrictions in Hong Kong aided the airlines.

The Cathay Pacific Group said it was able to narrow down its losses to $5b in H122 from $7.6b in H121, despite an “extremely difficult start to 2022."

The airline’s loss after tax, the share of losses from subsidiaries, and the share of losses from associates also narrowed in H122 to $1.5b, $1.0b, and $2.5b, respectively.

Chairman Patrick Healy said the progressive adjustments to Hong Kong’s COVID restrictions were positive developments for the airline.

"Adjustments to the testing and quarantine requirements for Hong Kong-based aircrew enabled us to progressively resume flights to more destinations in May and June. This included the resumption of daily London passenger flights and a full freighter schedule,” Healy said.

In H122, the airlines’ passenger revenue and revenue passenger kilometres (RPK) increased by 177.6% to $2.1b, and 129.7%, respectively.

The airline's average passengers per day also rose 113.4% YoY to 1,853.

Looking ahead, the airline said it will progressively increase its passenger flight capacity up to a quarter and cargo flight capacity to 65% of the pre-pandemic level by the end of 2022.

With the recent adjustment to quarantine arrangements for airline passengers, Cathay Group said it is confident that its airlines and subsidiaries will likely see a “stronger second-half than first-half performance.”

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


HK scraps MPF Offsetting Scheme to enhance employee protection
Starting 2025, employers are no longer allowed to offset long service and severance payments from its Mandatory Provident Fund contributions.