An aircraft operated by Cathay Pacific Airways takes off from the Hong Kong International Airport in Hong Kong on Tuesday. (Bloomberg photo)HONG KONG: Cathay Pacific Airways on Wednesday revealed record losses of HK$21.6 billion (US$2.8 billion) in 2020, a year blighted by the Covid-19 pandemic – the worst crisis in commercial aviation history. More than 110,000 people in Hong Kong have so far received a Covid-19 vaccine. The airline turned to the government and shareholders in June 2020 for a HK$39 billion bailout to avoid going bust. During the pandemic, travel has been discouraged by sweeping border closures in the markets where Cathay operate and quarantine measures to stave off the importation of the virus into Hong Kong.
