What was Cathay Pacific's net income last year?

Cathay Pacific's net income last year was HK$10.8 billion ($1.4 billion), an increase of nearly 10%.

How does Cathay Pacific plan to increase passenger capacity?

The airline plans to increase passenger capacity by approximately 10% by adding more frequent flights and destinations to its network, alongside taking delivery of eight new Airbus SE jets.

How is Cathay Pacific addressing rising fuel costs?

Cathay Pacific will increase fuel surcharges on passenger and cargo flights to cover higher jet fuel costs, and has hedged approximately 30% of its near-term fuel needs.

Home / Business and Economy / Cathay Pacific Soars: Profit Skyrockets to Decade High

Cathay Pacific Soars: Profit Skyrockets to Decade High

11 Mar

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Summary

Cathay Pacific's net income rose nearly 10% to HK$10.8 billion last year.
The airline plans to increase passenger capacity by approximately 10% in the coming year.
Despite industry turbulence, Cathay Pacific anticipates continued growth and network expansion.

Cathay Pacific Soars: Profit Skyrockets to Decade High

Cathay Pacific Airways Ltd. reported its highest profit since 2010, with net income reaching HK$10.8 billion ($1.4 billion) last year, surpassing analyst expectations. Revenue also saw a significant increase, growing 12% to a record HK$116.8 billion.

The airline anticipates a bullish year ahead, planning to boost passenger capacity by approximately 10%. This expansion will involve adding more frequent flights and destinations to its network, supported by the planned delivery of eight new Airbus SE single-aisle jets.