Hong Kong flag carrier Cathay Pacific Airways has forecast a sharp rebound in profitability for the first half of the year, projecting net profit to rise by as much as 75% to HK$6.5 billion (US$829 million).
This compares with HK$3.7 billion in the same period last year, marking a significant acceleration in the airline's financial recovery.
4 billion one-off gain, which provides a substantial boost to the bottom line.
The improved earnings outlook is driven by sustained growth in both passenger and cargo volumes, reflecting resilient travel demand and freight activity.
Additionally, the forecast includes a HK$1.4 billion one-off gain, which provides a substantial boost to the bottom line.
The combination of operational strength and this non-recurring item underscores the carrier's ability to capitalize on current market conditions.
This positive development aligns with broader signs of economic revitalization in Hong Kong.