Cathay Pacific Airways reported on Wednesday its best first-half profit in more than a decade and announced plans to order more planes and repay a Hong Kong government rescue package after a major turnaround in travel demand. The interim net profit of HK$4.3 billion, in line with its guidance for earnings of up to HK$4.5 billion, compared with a HK$5 billion loss a year earlier, when Hong Kong's strict COVID-19 quarantine rules were in place. "While we are still only part way along our rebuilding journey, our results for the first six months of 2023 demonstrate that we are on the right track," Cathay Chairman Patrick Healy said in a statement. FILE PHOTO: Cathay Pacific employees work at Hong Kong International Airport, in Hong Kong, China March 8, 2023. REUTERS/Lam Yik Cathay...
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