Dating back to the 1940s, Hong Kong’s flag carrier Cathay Pacific has operated more than eight decades as one of the most recognizable East Asian full service carriers (FSC).
However, Cathay Pacific was among the airlines worst affected by the COVID-19 pandemic. Since the beginning of the global health crisis, which saw a significant reduction in the demand for air travel, Cathay Pacific has been reporting losses.
So, what does the future hold for Cathay Pacific post-pandemic?
Since the onset of the COVID-19 pandemic in 2020, Cathay Pacific has posted a record loss of HK$21.6 billion ($2.8 billion), a significant decrease compared to HK$1.7 billion ($218 million) net profit in 2019. The net loss was attributed to a dramatic…