Cathay Pacific Airways was the first airline to succumb to coronavirus flying restrictions in 2020 and one of the last ones to come out. Finally unshackled, the Hong Kong-based airline is quickly ramping up operations and restoring international passenger destinations, which is providing a big boost to the cargo business.
Until late October, Cathay Pacific was operating with 3% of its pre-pandemic passenger capacity. Major U.S. carriers, by comparison, had more than 90% of seats restored then...