Cathay Pacific expects profit in first half of 2023

(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)