Cathay Pacific Cargo revenue dropped 16.6% in 2022
Second half of 2022 brought more capacity as COVID-19 restrictions eased
China-based Cathay Pacific Cargo saw revenues fall 16.6% year over year as COVID-19 restrictions kept the carrier from resuming key routes early in 2022, according to its full-year 2022 results. WHY IT MATTERS: The carrier described 2022 as a “challenging” year, according to a March 8 earnings report. Due to COVID travel restrictions and quarantine […]
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