Cathay Pacific lowers Q4 capacity forecast as travel restrictions linger

Hong Kong's Cathay Pacific Airways Ltd said on Monday it had lowered its passenger capacity forecast for the remainder of the year to 13% of pre-COVID levels, down from an earlier 30% target

Hong Kong carrier Cathay Pacific
File photo of Hong Kong carrier Cathay Pacific
Reuters
1 min read Last Updated : Sep 20 2021 | 10:37 AM IST

(Reuters) - Hong Kong's Cathay Pacific Airways Ltd said on Monday it had lowered its passenger capacity forecast for the remainder of the year to 13% of pre-COVID levels, down from an earlier 30% target for the fourth quarter as travel restrictions linger.

The airline said it continued to target cash burn of less than HK$1 billion ($130 million) a month for the rest of the year.

($1 = 7.7875 Hong Kong dollars)

 

(Reporting by Jamie Freed in Sydney; Editing by Tom Hogue)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Topics :CoronavirusCathay PacificHong KongAviation industry

First Published: Sep 20 2021 | 10:37 AM IST

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