Hong Kong's Cathay Pacific Airways Ltd is in talks with aircraft manufacturers about orders for medium-haul aircraft and dedicated freighters, a senior executive said on Friday.
The talks with manufacturers come as the airline looks to rebuild after being hit hard by more than two years of tough passenger and quarantine rules in Hong Kong that ended only recently.a "substantial" annual loss even though second-half results are expected to improve sequentially thanks to an uptick in travel and air cargo demand.
Lam told analysts that the passenger outlook was improving but that cargo demand and prices had weakened compared to an "exceptional" performance in 2021. "The freight rate compared to last year has been on a downward trend, but compared to a normal year it is still at slightly elevated levels," he said. "There is a lot of uncertainty about 2023."to operate at 70% of its pre-pandemic passenger flight capacity by the end of 2023, up from a planned 33% by the end of 2022, and aimed to return to full pre-pandemic capacity by the end of 2024.
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