Cathay posts first profit in 4 years, but delays capacity target

COVID impact has passed but pilot recruitment remains tricky

20240313 cathey pacific

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

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.

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