The more closely watched net income figure came in at HK$9.8 billion — the first profit after three years of losses. Revenue rose 85% to HK$94.5 billion as the post-pandemic travel demand continued, and ticket prices rose.
Cathay Pacific Airways has finally shaken off the lingering effects of the pandemic, reporting a record operating profit.
Operating income more than tripled to HK$15.1 billion ($2.57 billion) in 2023, Hong Kong’s dominant carrier said Wednesday. That bested the previous record of HK$14.1 billion in 2010, though was broadly in line with analyst estimates of HK$15 billion.
