If one airline was hit hard by the pandemic, it must have been Cathay Pacific. Looking at the 2025 results, there is not a trace of this period left, with the airline group reporting a consolidated operating profit of HK$14.5 billion.
Compare this to 2019, long the industry’s reference year, when Cathay Pacific posted an HK$3.4 billion operating profit. The net profit compares HK$10.8 billion versus HK$1.7 billion. Actually, 2018 was a better year for Cathay, with an operating profit of HK$3.6 billion and a net profit of HK$2.8 billion.
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