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Hong Kong’s Cathay Pacific Airways in ‘survival mode’ after posting record loss of HK$21.6 billion for 2020 amid Covid-19 pandemic

Cathay Pacific Airways has warned that it is still in “survival” mode after suffering record losses in 2020, making cost-saving and vaccinating staff for Covid-19 its top priorities to get back on the road to recovery.Hong Kong’s flagship airline on Wednesday reported losses totalling HK$21.6 billion (US$2.8 billion) last year as the coronavirus pandemic plunged the global aviation industry into its worst crisis ever.Cathay chairman Patrick Healy cautioned that prospects for 2021 remained…

Read the original article at South China Morning Post

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