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Cathay Pacific on recovery track but Chinese rivals loom

Hong Kong's flagship carrier fights to maintain global hub model

Hong Kong's flagship carrier Cathay Pacific Airways is enjoying a sharp improvement in earnings. (Photo by Konosuke Urata)

HONG KONG -- Cathay Pacific Airways is experiencing a long-awaited post-pandemic comeback, but Hong Kong's flagship carrier faces mainland competition that will challenge the airline's status as the gateway to China.

Cathay reported a net profit of 4.26 billion Hong Kong dollars ($544 million) for the first half of the year. It was the first black ink in four years, up from roughly HK$5 billion in losses a year earlier.

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