Cathay Pacific expects HK$2.3bn net profit for 2018
Cathay Pacific expects to post a net profit of around HK$2.3b (US$293m) for 2018, with signs that its transformation programme is delivering results. The guidance represents a major turnaround on the HK$1.26b net loss posted in 2017. "In 2018, the passenger business benefited from capacity growth, a focus on customer service and improved revenue management," states the company. "Load factors were sustained and yield improved despite competitive pressures. The cargo business was strong. Capacity, yield and load factors increased. The company’s transformation programme has had a positive impact." It cautions that the guidance is based on a preliminary reviews of its unaudited group accounts, with the full result set to be announced in March. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-02-21/oneworld/cathay-pacific-expects-hk-2-3bn-net-profit-for-2018
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Cathay Pacific expects HK$2.3bn net profit for 2018
Cathay Pacific expects to post a net profit of around HK$2.3b (US$293m) for 2018, with signs that its transformation programme is delivering results. The guidance represents a major turnaround on the HK$1.26b net loss posted in 2017. "In 2018, the passenger business benefited from capacity growth, a focus on customer service and improved revenue management," states the company. "Load factors were sustained and yield improved despite competitive pressures. The cargo business was strong. Capacity, yield and load factors increased. The company’s transformation programme has had a positive impact." It cautions that the guidance is based on a preliminary reviews of its unaudited group accounts, with the full result set to be announced in March. <br/>
