After two years of losses, Cathay Pacific is profitable again in 2018

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In 2018, Cathay Pacific expects to record a consolidated profit attributable to shareholders of approximately HK$2.3 billion (€258 million). An amazing improvement, as in 2016 the Hong Kong based airline made a loss of HK$575 million and in 2017 a loss of HK$1,259 million. “While there’s still work to be done, we are pleased with this consolidated profit,” the company said, “we look forward to continued improvement.” 

Last year, the passenger business benefited from capacity growth, a focus on customer service and improved revenue management. Load factors were sustained and yield improved despite competitive pressures. The cargo business was strong. Capacity, yield and load factors increased. The Company’s transformation programme has had a positive impact,” the group explained.

This is just a preliminary report, full 2018 results can be expected in March.

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