Cathay Pacific reports first annual profit

By Agence France-Presse

Mar 14, 2024 12:16 am

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.'

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Japan watchdog accuses Google of antitrust violation

Bluesky finds with growth comes growing pains — and bots

Starbucks workers expand strike across US

Stellantis backtracks lay off plan at US Jeep plant

Panel favors US in GMO corn trade row

Investors worry over US govt shutdown showdown

Nio unveils brand to battle BMW's Mini