Cathay Pacific Airways sees narrower loss in very first half of year

2021-06-19.

The Cathay Pacific Airways The Cathay Pacific Airways

Hong Kong flag provider Cathay Pacific Airways Limited (CPCAF.OB, CPCAY.PK stated that it anticipates loss for the very first half of 2021 to be rather lower than the losses reported in both the very first and 2nd halves of 2020.

Cathay Pacific brought an overall of 24,006 guests in May 2012, a boost of 30 percent from May 2020, however a 99.2-per-cent decline from the pre-pandemic level in May 2019.

Monthly earnings traveler kilometres (RPKs increased 24.5 percent year-on-year, however were down 98.9 percent versus May 2019.

Passenger load element reduced by 2.9 portion indicate 26.7 percent, while capability, determined in offered seat kilometres (ASKs, increased by 38 percent, however stayed 96.5-per-cent down on May 2019 levels.

The airline company brought 92,394 lots of freight and mail in May 2021, a decline of 6.4 percent compared to May 2020.

The month’s earnings freight heap kilometres (RFTKs fell 16.9 percent year-on-year. The freight and mail load element increased by 7.5 portion indicate 81 percent, while capability, determined in offered freight heap kilometres (AFTKs, was down by 24.5 percent.

Cathay Pacific Airways sees narrower loss in very first half of year