News Snapshot:
Cathay Pacific is poised to lose nearly $200 million a month from February, the embattled Hong Kong carrier reported Monday, as the city's COVID-19 restrictions have seen cargo flights slashed. Hong Kong has maintained some of the world's harshest travel restrictions, isolating a city that was once one of the world's largest logistics and transportation hubs. Air crew quarantine measures were further tightened following the discovery that two COVID-positive Cathay staff had breached home quarantine -- which resulted in the city's first outbreak of the hyper-contagious Omicron variant. By January, Cathay's cargo flights -- one of the few sectors where...
