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Cathay Pacific reports third consecutive first half net loss

Chairman urges government to 'do more' as Hong Kong has 'fallen far behind'

Cathay Pacific Airways hosted its first in-person earnings press conference in three years on Wednesday, with Chairman Patrick Healy, second from right, and Chief Executive Augustus Tang, third from right, present. (Photo by Kenji Kawase)

HONG KONG -- Cathay Pacific Airways said on Wednesday that it has recorded a first-half net loss for the third consecutive year, but the amount of the shortfall continued to drop as revenue rebounded from the year before, as travel restrictions gradually eased.

Hong Kong's flagship carrier said its net loss during the first six months was 5.29 billion Hong Kong dollars ($674 million), down from a HK$7.85 billion loss a year earlier and HK$9.86 billion in the first half of 2020, as the pandemic first hit financials.

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