Cathay Pacific narrows first-half loss as passenger numbers rise

HONG KONG (REUTERS) – Hong Kong’s Cathay Pacific Airways posted on Wednesday (Aug 10) a first-half loss of HK$5 billion (S$878 million), narrowing from the prior year’s HK$7.57 billion, as easing quarantine rules boosted passenger numbers. The airline had said in June that it expected a lower first-half loss than the previous year, but warned […]

Higher payouts from S’pore’s hotel Reits as demand recovers

SINGAPORE – Shareholders of Singapore’s three listed hospitality real estate investment trusts (Reits) will enjoy higher dividend payouts on the back of a recovery in travel this earnings season. Ascott Residence Trust, CDL Hospitality Trusts and Far East Hospitality Trust have posted impressive first-half results, thanks to a surge in travel demand. Ascott, which is […]