Cathay Pacific reported its highest annual profit in more than a decade as strong travel demand buoyed the Hong Kong flag carrier’s earnings, with its chair declaring: “In 2023, we finally left the Covid-19 pandemic behind us.”
The airline posted net profit of HK$9.8bn (US$1.3bn) for the year on Wednesday, breaking a three-year streak of losses including a HK$6.6bn loss in 2022.
Cathay shares rose nearly 4 per cent after the earnings were released.
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