|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||5.34 - 5.54|
|52-week range||3.76 - 5.57|
|Beta (5Y monthly)||1.01|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||12 Aug 2020|
|1y target est||N/A|
By Ambar Warrick
Hong Kong flagship airline Cathay Pacific said it expects to stop burning cash in the second half as the group narrowed its losses and delivered its most positive outlook in years after the city shortened its quarantine requirements. “On the expectation that borders will reopen, our teams have been actively preparing to meet the rising global demand for travel,” Cathay’s chair Patrick Healy told reporters. In March, Cathay reported that it was burning up to HK$1.5bn a month because of strict quarantine rules for international travellers.
HONG KONG (Reuters) -Cathay Pacific Airways Ltd said Hong Kong's strict COVID rules for air crew were crimping the airline's ability to exploit rising demand for travel, even as its first-half loss narrowed to HK$5 billion ($636.98 million). The carrier is falling behind traditional rival Singapore Airlines Ltd (SIA) in restoring international capacity as roster preparations are complicated by a quarantine requirement for Hong Kong-based crew of passenger planes to spend three nights in hotels on their return from each trip.