Cathay Pacific said on Friday that it expects to see a profit of HK$4 billion to HK$4.5 billion in the first half of 2023, thanks largely to a sharp rebound in passenger numbers.
It also announced a special staff reward and share buyback scheme.
The projected interim results mark a significant turnaround from a loss of around HK$5 billion in the same period last year. The airline posted a full-year loss of more than HK$6.5 billion.
Cathay carried more than 7.8 million passengers in the first six months, compared with about 335,000 a year ago.
In June alone, passenger numbers topped 1.5 million, up from 150,000 year on year.
“We reached a new milestone on June 25 when we surpassed the 60,000-mark for passengers carried in a single day for the first time since the pandemic,” chief customer and commercial officer Lavinia Lau said.
Cathay also announced rewards of up to six weeks' pay to its employees.
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