Cathay Cash Burn Improves as Hong Kong Starts Easing Covid Curbs
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Cathay Pacific Airways Ltd. expects cash burn to drop to less than HK$500 million ($64 million) a month within “the next few months” as Hong Kong gradually rolls back some of the world’s strictest, and longest lingering, Covid-19 curbs.
“The recent adjustments to the government’s travel restrictions and quarantine requirements will help facilitate the gradual resumption of travel activities and the strengthening of network connectivity to and from the Hong Kong aviation hub,” the carrier said in a statement Wednesday.