US EditionCathay Pacific's annual profit rises 1% on higher passenger volumes
- Cathay Pacific Airways reported a 1% rise in group net profit to HK$9.89 billion for the year ended December 31, exceeding estimates of HK$8.49 billion.
- The airline's revenue increased by 10.5% to HK$104.37 billion, aligning with a Visible Alpha consensus of HK$104.74 billion.
- The company reached 100% of its pre-pandemic flights from January 2025, according to Healy.
- The profit growth was supported by stronger cargo demand and increased passenger numbers, despite falling airfares due to competition.
19 Articles
19 Articles
Cathay Pacific says profit edged up in 2024
Hong Kong carrier Cathay Pacific said on Wednesday that its attributable profit rose slightly in 2024 to US$1.27 billion, after announcing earlier this year that its flights were finally back to pre-pandemic levels.The city’s aviation sector was hit hard by Covid-era policies, which imposed strict rules on travellers that kept it internationally isolated before they were lifted in late 2022.Cathay Pacific. Photo: GovHK. Chair Patrick Healy said …
Cathay Pacific says profits edged up in 2024
Hong Kong, China — Hong Kong carrier Cathay Pacific said on Wednesday that its attributable profit rose slightly in 2024 to US$1.27 billion, after announcing earlier this year that its flights were finally back to pre-pandemic levels. The city’s aviation sector was hit hard by Covid-era policies, which imposed strict rules on travellers that kept
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