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Cathay Pacific has returned to profitability for the first time since the pandemic, reporting a HK$4.763 billion net profit for the first half year of 2023. The carrier recovered strongly after travel restrictions in Hong Kong and China were lifted,…
Cathay Pacific will take most of this year to build back capacity to seventy percent of pre-Covid levels by the end of 2023 and return to pre-pandemic levels in 2024. It will do this through a “measured and responsible approach”…
Cathay Pacific expects a consolidated loss for FY22 of between HK$6.4 and HK$7.0 billion, which compares to HK$5.5 billion in FY21. It mainly attributes the deeper loss to the “significant losses” from associates that are recognized three months in arear,…
Despite a marked improvement in the first six months of the year, Cathay Pacific Group expects a “substantial loss” for the full year 2022, it said on November 18 in its October traffic release. Cathay Pacific expects substantial full-year loss. While…
Cathay Pacific says it is “on course” to double the number of destinations by the end of the year to around sixty, compared to 29 in January this year. The airline is benefitting from the relaxation of travel restrictions and…