BUSINESS

Flights of fancy at Cathay Pacific

Business, Vijay Verghese, Published on 30/07/2024

» As Hong Kong struggles back onto the tourism charts, several misdirected official pronouncements have placed immense pressure on the national carrier Cathay Pacific to launch new routes to China and the Middle East. None of this has anything to do with profitability -- the airline announced an attributable profit of HK$9.7 million for 2023, a pittance in the scheme of things.