Cathay Pacific Airways raises passenger capacity forecast

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(Reuters) – Hong Kong’s Cathay Pacific Airways (OTC:CPCAY) expects to reach a third of pre-pandemic passenger capacity by the end of the year, increasing from a previous estimate of one quarter, after crew quarantine rules were lifted, it said on Friday.

Hong Kong last week announced it would end onerous rules that required crew members on passenger flights to quarantine in a hotel for three days on return to the city.