Air China

In Singapore, OCBC's Chu says “a more meaningful recovery is likely to happen in 2H2022 and 2023".

The company last month said it had made an unaudited loss of HK$4.5 billion

The move comes as Cathay contends with a slump in traffic brought on by the coronavirus outbreak and the travel restrictions that ensued.

(Aug 28): For years, China’s three state-owned airlines kept adding flights on international routes to chase after a rising middle class that can afford to fly overseas. Now, they are slowing that down in favour of the local market.