Hong Kong’s Cathay Pacific posts loss of HK$6.5 billion for 2022, but vows to rebuild brand

Hong Kong’s Cathay Pacific Airways on Wednesday posted a bigger loss of HK$6.5 billion (US$828 million) for 2022, 18.5 per cent higher than the year before, but vowed to focus on rebuilding its brands over the coming months.

The figure marked a continued decline for the city’s flagship carrier after it sustained losses of HK$5.5 billion in 2021.