ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Transportation

Hong Kong's Cathay Pacific posts annual record loss of $2.8bn

Airline still in pandemic 'survival mode' and does not rule out further job cuts

Last year was Cathay Pacific Airways' "most challenging 12 months of its more than 70-year history," Chairman Patrick Healy said on Wednesday.   © Reuters

HONG KONG -- Cathay Pacific Airways said on Wednesday that it lost a record $2.8 billion last year because of the coronavirus pandemic, with Hong Kong's flagship carrier especially hard hit because it does not have domestic routes to fall back on, unlike most global peers.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more