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Hong Kong must further reopen to overseas travellers or Cath

Hong Kong must further reopen to overseas travellers or Cath -Hong-Kong-must-further-reopen-to-overseas-travellers-or-Cath

Hong Kong must further reopen to overseas travellers or Cathay Pacific will be forced to hand back unused runway slots to foreign airports, dealing a permanent blow to the city’s status as an international hub, a top executive has warned.⁠

The assessment came as the company unveiled losses of HK$7.6 billion in the first half of 2021, a modest improvement over the shortfall posted in the same period last year.⁠

Airports generally grant runway slots on a “use it or lose it” basis, and as travel begins to rebound outside Asia, many have started removing exemptions on usage that were granted to airlines unable to fly due to the Covid-19 pandemic.⁠

Read more at the link in bio.⁠
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