TransportationCathay posts first profit in 4 years, but delays capacity target
COVID impact has passed but pilot recruitment remains tricky
Cathay Pacific Airways last recorded a net profit in 2019, of HK$1.69 billion. (Photo by Ken Kobayashi)
KENJI KAWASE, Nikkei Asia chief business news correspondent
March 13, 2024 14:57 JST
Updated on March 13, 2024 22:14 JST
HONG KONG -- Cathay Pacific Airways said on Wednesday that it had returned its first annual profit since 2019, as it finally shook off disruption caused by the COVID-19 pandemic, although Hong Kong's flagship carrier pushed back a goal to return to pre-pandemic capacity.