Hong Kong’s Cathay Pacific Airways flags about $817.19 million loss for fiscal 2022

Hong Kong's Cathay Pacific Airways flags about $817.19 million loss for fiscal 2022
FILE PHOTO: Cathay Pacific logo is seen at its headquarters Cathay City in Hong Kong, China October 20, 2020. REUTERS/Lam Yik

Hong Kong’s Cathay Pacific Airways Ltd flagged an HK$6.40 billion ($817.19 million) to HK$7.0 billion loss for fiscal 2022 on Friday, but highlighted an upbeat outlook after the financial centre and mainland China lifted quarantine rules.

That compares to the average estimate of an HK$4.17 billion net loss for the 12 months ended Dec. 31, according to 14 analysts polled by Refinitiv, and a loss of HK$5.53 billion last year.

($1 = 7.8317 Hong Kong dollars)

 

 

Source: Reuters