The Cathay Group today reported total revenue of HK$94.4 billion ($12 billion) in 2023, an increase of 85% year over year, making it the first profitable year for the carrier since 2019. Cathay’s cargo business, however, declined 16% YoY to $3.2 billion. THE BIG PICTURE: Marked by normalization, passenger recovery and lifted restrictions, Hong Kong’s […]
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