Hong Kong’s Cathay Pacific expecting profit of up to HK$4.5 billion for first half of 2023, marking strong rebound from HK$5 billion loss

Hong Kong flag carrier Cathay Pacific Airways is expected to record a consolidated profit of up to HK$4.5 billion (US$575.2 million) for the first half of 2023, a strong rebound from the HK$5 billion loss reported in the same period last year following the reopening of the city’s border.

The airline on Friday also announced it would offer employees who had been with the company throughout the pandemic up to six weeks of eligible pay as a “special appreciation reward”.