HONG KONG: 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.
Hong Kong lacks a domestic aviation market and has some of the world's toughest pandemic-related travel restrictions.
The city requires fully vaccinated travellers from destinations considered "high-risk", including the United States and Britain, to spend three weeks in hotel quarantine.
Cathay last month said its target of reaching 30% of pre-COVID passenger capacityRead More »