Cathay Pacific posts profit rise and 10 percent growth plan
Cathay Pacific reported a 9.5% rise in annual profit to HK$10.83 billion. The airline plans a 10% capacity boost while managing ongoing geopolitical challenges.
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Hong Kong's flagship carrier, CATHAY PACIFIC AIRWAYS, reported a 9.5% increase in full-year net profit, reaching HK$10.83 billion ($1.38 billion) for the year ended December 31. This financial result exceeded market expectations and marked the airline's third consecutive year of profitability following the pandemic. In response to the earnings report, the company's shares climbed more than 4% as the airline outlined plans for a 10% capacity boost in the coming year.
