Cathay Pacific posts $834 mln loss in 2022

Hong Kong's Cathay Pacific Airways Ltd (0293.HK) 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, Report informs, citing Reuters.

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.