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Cathay Pacific's annual profit rises 1% on higher passenger volumes

Cathay Pacific Airways reported a 1% profit increase to HK$9.89 billion for the year ending December 31, attributed to stronger cargo demand and lower fuel prices.
The airline's annual yield fell 12%, with HK Express reporting a loss of HK$400 million, impacted by price competition and issues with Pratt & Whitney engines.
Cathay Pacific's revenue rose 10.5% to HK$104.37 billion, with an expected significant investment of HK$100 billion over seven years for new aircraft.
CEO Ronald Lam stated that the airline is adding 30% more passenger capacity and hinted at future profitability for HK Express as it improves efficiencies.

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Hong Kong Free Press

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 …

17 hours ago·Hong Kong, Hong Kong

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RTÉ

Cathay Pacific profits edge up amid strong competition

Cathay Pacific Airways has today reported marginal full-year profit growth, but airfares fell because of intense competition as Asia's airlines continue to restore seat capacity after the pandemic.

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

21 hours ago·Manila, Philippines

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Nikkei

Cathay's double-digit revenue rise squeezed by fuel, staff, landing costs

HONG KONG -- Cathay Pacific Airways' revenue surged by double digits in 2024 thanks to robust growth in passengers and cargo, the airline said Wednesd

22 hours ago·Japan

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South China Morning Post

Hong Kong’s Cathay Pacific posts 1% rise in net profit to HK$9.88 billion

Company will propose its second interim dividend payment at 49 HK cents a share, taking full-year payout to 69 HK cents in 2024.

1 day ago·Hong Kong

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Channel News Asia

Cathay Pacific's annual profit rises 1% on higher passenger volumes

Hong Kong's Cathay Pacific Airways reported a marginal 1 per cent rise in its full-year profit on Wednesday, driven by higher passenger volumes and lower fuel prices, partly offset by a continued normalisation of passenger yields in the second half.Hong Kong's flagship airline posted a net profit of HK$9

1 day ago·Singapore

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