, Hong Kong
Photo from Cathay Pacific

Cathay Group rebounds from loss, posts $4.3b profit in 1H23 

The group’s 1H23 profit translates to a 9,267% YoY jump.

Cathay Group’s profit attributable to shareholders skyrocketed to $4.3b  in 1H23 (+9,267% YoY).

The 1H23 profit represents a rebound from 1H22 when the group posted a loss of $4.999b.

In a bourse filing, the group attributed its stronger financial performance to the "continued improvement in the performance" of its airlines.

In 1H23, the group’s airlines and subsidiaries, excluding exceptional items, reported an attributable profit of HK$4.8b.

In the same period, Cathay Pacific’s passenger revenue soared by 1,109.5% YoY to $25.01b.

Given the higher profit, the group was able to pay the deferred dividend of $1.5b on the preference shares held by the Hong Kong SAR (HKSAR) Government on 30 June.
 

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!