Cathay Pacific expects consolidated profit of HK$4.0-4.5 billion for H1, 2023

Cathay Pacific Airways is expected to record a consolidated profit of approximately HK$4.0-4.5 billion for the first half of 2023. This compares to the attributable loss to shareholders of HK$5.0 billion for the first half of 2022. The Cathay Group paid the deferred dividend of HK$1,524.1 million on the preference shares held by the Hong Kong SAR (HKSAR) Government on June 30, 2023, bringing its deferred dividend payments up to date. It intends to pay all future preference shares dividends as they fall due. This is based on a preliminary review of the unaudited consolidated management accounts of the Cathay