Cathay Pacific Finally Shakes Off Covid With Record Profit

(Bloomberg) — Cathay Pacific Airways Ltd. has finally shaken off the lingering effects of the pandemic, reporting a record operating profit.

Operating income more than tripled to HK$15.1 billion ($1.9 billion) in 2023, Hong Kong’s dominant carrier said Wednesday. That beat the previous high of HK$14.1 billion in 2010, though was broadly in line with analyst estimates of HK$15 billion.