Hong Kong Thai Airlines is expected to record more than expected in 2022, and the amount of losses is about twice as expected by analysts.However, with the relaxation restrictions of the Hong Kong Government, the company has gradually got rid of the impact of the epidemic in the second half of the year and moved to recovery.
According to Bloomberg, Cathay Pacific Airlines submitted an announcement on the Hong Kong Stock Exchange on Friday (January 20) that the annual net loss was about 6.4 billion to 7 billion yuan (Hong Kong dollar, the same below, about 170 million million millionTo 1.7 billion yuan), which is much higher than the market expectations of 3.4 billion yuan.This loss is also higher than Cathay Pacific's losses of 5.5 billion yuan in 2021.
The announcement stated that although Cathay Pacific's performance in the second half of the year was "significantly improved" compared with the first half of the year, the losses of the Group's joint company have further expanded Cathay Pacific's loss.Cathay Pacific held 18.1%of China International Airlines, while Air China lost 28 billion yuan (about S $ 5.4 billion) in the first nine months of last year, setting the largest losses in history.
Lin Shaobo, the new chief executive officer of Cathay Pacific, said in the announcement that the operation and financial situation of the second half of the year continued to improve.He pointed out that Hong Kong gradually relaxed tourism restrictions and prompted Cathay Pacific Airlines to achieve overall cash flow in the second half of last year.
