HONG KONG (Reuters) – Hong Kong’s Cathay Pacific Airways reported on Wednesday a HK$9.79 billion ($1.25 billion) profit for 2023, its first annual profit in four years, and said it aims to reach 80% of its pre-pandemic passenger flights within the second quarter of this year.
Cathay is embarking on a massive recruitment drive as it recovers from the impact of COVID-19 which resulted in heavy losses for Hong Kong’s flagship airline.
($1 = 7.8243 Hong Kong dollars)
(Reporting By Hong Kong Newsroom; Editing by Muralikumar Anantharaman)
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