HONG KONG -- Hong Kong flagship carrier Cathay Pacific Airways on Wednesday said its net loss for 2021 reached nearly $800 million as it warned that its operations would remain largely grounded amid the city's worst COVID-19 outbreak yet.
The carrier's net annual loss of 6.12 billion Hong Kong dollars ($783 million) attributable to ordinary shareholders was much improved from its HK$21.8 billion deficit in 2020, due in part to strong cargo demand. Total revenue, however, slipped 2.9% to HK$45.58 billion.
