Cathay Pacific posts wider $834 million loss in 2022, upbeat on outlook

HONG KONG (Reuters) - Hong Kong's Cathay Pacific Airways Ltd reported on Wednesday a loss of HK$6.55 billion ($834.42 million) for 2022, wider than the previous year's HK$5.53 billion loss, but was positive about the outlook, now that quarantining is no longer required.

In January, the airline forecast a loss of between HK$6.4 billion and HK$7 billion ($815 million to $892 million) for the 12 months ended Dec. 31 after facing tough pandemic-related rules during the period.

($1 = 7.8498 Hong Kong dollars)

(Reporting By Anne Marie Roantree and Donny Kwok; Editing by Muralikumar Anantharaman)