But it cautioned that quarantine restrictions on its crew were limiting the airline's ability to increase flight capacity.
The company reported losses of about
It still remains one of the few places in the world, together with mainland
Cathay’s first-half revenue grew 17% to
Passenger load factor — which measures how many passengers are taking up capacity — was about 59%, up from nearly 19% from the same period last year.
Cathay said that it aims to be operating at 65% of pre-COVID cargo capacity, and 25% of pre-COVID passenger capacity by December.
“In the short term, however, it is quite clear that
He also said that the city’s quarantine requirements on crew constrained its flight capacity.
“These ongoing constraints also restrict our ability to mount additional capacity despite growing demand,” he said. “Once all COVID-related restrictions on air crew can be lifted, we will then progressively be able to increase both cargo and passenger capacity in the months that follow.”
Cathay’s shares in
The city’s airline is lagging behind competitors like
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