Strict quarantine rules are keeping Hong Kong isolated but Cathay Pacific is charting a hopeful path to recovery, writes t__shum:
A Cathay Pacific Boeing 777-300ER plane lands at Hong Kong airport after it reopened following clashes between police and protesters, in Hong Kong, China August 14, 2019. REUTERS/Thomas PeterHONG KONG, July 18 - Strict quarantine rules are keeping Hong Kong isolated but Cathay Pacific Airways
is charting a hopeful path as it expects to restore 25% of its pre-pandemic passenger capacity by the end of the year. Its outperforming shares imply investors are optimistic about the $7 billion carrier and the Asian hub’s ability to bounce back from a miserable period. The airline followed a crisis playbook, slashing costs including some 37% of its headcount and issuing credit cards to incentivise spending
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