[cwoodward]

Cathay it seems is set to post a first half year profit of HK$4.5 Billion despite flying less than 40% of it pre pandemic route network for the first 4 months of the year.
This looks to be a very credible result given that the airline was virtually closed for some 30 months by Hong Kong’s harsh lockdown regulations.

Still a very long way to go but this looks to be a great start

1 user thanked author for this post.

AndrewinHK

[AndrewinHK]

I agree cwoodward, impressive results, and without the Air China stake dragging them down, they would have been considerably more profitable. Nice jump in the stock today, but still a long way to go for most equity holders to get back to profit.

[Author]

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