Stock Market News
Cathay Pacific expects profit in first half of 2023
2023.06.22 20:47
© Reuters. FILE PHOTO: Cathay Pacific aircrafts prepare to take off at the airport, during the coronavirus disease (COVID-19) pandemic in Hong Kong, China, March 31, 2022. REUTERS/Tyrone Siu
(Reuters) – Cathay Pacific Airways (OTC:) on Friday said it expected to report a consolidated profit for the first half of 2023, after multiple years of pandemic-related border closures and strict quarantine measures.
Hong Kong’s flagship carrier had reported an annual loss of HK$6.55 billion ($836.55 million) for the 12 months ended Dec. 31.
($1 = 7.8298 Hong Kong dollars)
