Aviation Strategy

Cathay Pacific: King Hong
Turning the corner? — March 2019

Profit warnings are not unusual. What is rare is for a company to notify the markets that its annual results will be substantially higher than market expectations. And this is what Cathay Pacific did in February this year suggesting that annual profits would approach HK$2.3bn, twice as high as market expectations. Indeed when it published its results in March net attributable profits came in at HK$2.3bn (US$218m) for 2018 up from a loss published a year ago of HK$(1.2)bn. ……

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