Passenger capacity for Cathay Pacific forecast to remain at just 2% of pre-pandemic levels

HONG KONG: Beleaguered Hong Kong carrier Cathay Pacific’s passenger capacity is forecast to remain at just 2% of pre-pandemic levels, hampered by the city’s strict Covid-19 travel curbs, while rivals such as Singapore Airlines recover to almost 50%.

The city’s flagship airline on Monday revealed that recently tightened quarantine requirements for aircrew were expected to burn as much as HK$1.5 billion (US$192 million) in cash a month from February, though it also hoped to boost cargo capacity by 5 %.

Cathay’s annual losses are expected to narrow to between HK$5.6 billion…