(Hong Kong Comprehensive News) Thanks to Hong Kong's ending for more than two years, Cathay Pacific Airlines has obtained the annual operating profit of HK $ 3.55 billion (S $ 610 million) in 2022, which is higher than HK $ 2.87 billion in Hong Kong dollars.The estimates of analysts have achieved annual profits for the first time since 2019.
Comprehensive Bloomberg and Hong Kong News reported that Cathay Pacific Airlines announced on Wednesday (March 8) that the Group achieved earnings of HK $ 51.036 billion in 2022, an increase of 12.0%year -on -year;Growing 18.5%.
Cathay President He Yili said in the performance report that at the beginning of last year, the group faced a difficult operating environment and had a negative impact on monthly operating cash consumption.However, as the SAR government began to adjust tourism restrictions and quarantine requirements on May 1st, the Group had responded to the positive cash flow in the first half of 2022, and maintained a positive cash flow in the second half of the year and even the whole year.
Lin Shaobo, chief executive of the group, said that after three years of epidemic raging, Cathay Pacific finally entered the "new stage of exciting".
Cathay Pacific is still trying to catch up, in order to return to the passenger transportation power and flight network before the epidemic, and strive to recruit employees.In the report, He Yili acknowledged that there were difficulties on the crew of the crew, the resource allocation, the flight schedule arrangement, and the customer support hotline. It emphasized that he would do his best and continued to minimize these issues on the reconstruction road.
He predicts that the carrier capacity operated by the group will reach about 70 % before the end of 2023, and the goal is to fully restore the level before the epidemic at the end of 2024.
