SINGAPORE: Hong Kong’s Cathay Pacific Airways Ltd expects to reduce its cash burn to less than HK$1bil (US$128.84mil or RM535.5mil) a month in the second half of the year, its chief financial officer said.
The airline had been burning up to HK$1.9bil (RM1.02bil) of cash per month in the first half due to crew quarantine restrictions but that will fall in the second half as rules are eased for vaccinated crew and capacity rises, chief financial officer Rebecca Sharpe said at an analyst briefing. A webcast of the invitation-only briefing was made public on Saturday evening.