Ronald Lam, chief customer and commercial officer, admitted in the report that the airline was “facing a long and uncertain road to recovery.” It is burning cash at a rate of HKD1.5-2 billion Hong Kong dollars (USD194-258 million) per month, he said, and “will continue to experience significant cash burn until the market recovers.”
A full restructuring plan could be unveiled in October, he added.
Article from last month.