HONG KONG: Hong Kong carrier Cathay Pacific on Wednesday reported its first annual net profit in four years, citing "significant pent-up demand for travel" as it emerges from the impact of the Covid pandemic.
Chairman Patrick Healy said that "2023 was our first profitable year since 2019" and added that the imbalance between supply and travel demand "resulted in high yields and contributed to a strong financial performance in both halves of the year."
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