HONG KONG's cathay Pacific Airways has finally shaken off the lingering effects of the Covid scare, reporting a record operating profit, reports Bloomberg.
'In 2023, we finally left the Covid-19 pandemic behind us,' said chairman Pat Healy.
Operating income more than tripled to HK$15.1 billion (US$1.9 billion) in 2023, Hong Kong's dominant carrier said. That bested the previous record of HK$14.1 billion in 2010, though was broadly in line with analyst estimates of HK$15 billion.
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 per cent to HK$94.5 billion as the post-pandemic travel demand continued, and ticket prices rose.
SeaNews Turkey
'In 2023, we finally left the Covid-19 pandemic behind us,' said chairman Pat Healy.
Operating income more than tripled to HK$15.1 billion (US$1.9 billion) in 2023, Hong Kong's dominant carrier said. That bested the previous record of HK$14.1 billion in 2010, though was broadly in line with analyst estimates of HK$15 billion.
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 per cent to HK$94.5 billion as the post-pandemic travel demand continued, and ticket prices rose.
SeaNews Turkey
