Hong Kong’s Cathay Pacific delays aircraft deliveries, slowing cash burn amid Covid-19 travails

Cathay Pacific is burning about half as much cash, HK$1.5 billion (US$194 million) a month, as it did when the Covid-19 pandemic first hit the industry, the airline said on Wednesday, pointing to a deal with Airbus to delay aircraft deliveries and talks with Boeing to do the same.The recently bailed-out airline also said it was now servicing far fewer customer refunds, and expected its new cash burn rate to remain stable while providing a skeleton flight schedule.Hong Kong’s flag carrier last…

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