Cathay Pacific returns to profitability on fuel hedging gains, but long recovery ahead

Cathay Pacific posted a 1H2009 net profit of HKD812 million (USD105 million), reversing a net loss of HKD760 million (USD98 million) in the previous corresponding period, although the carrier would have been in the red if not for hedging gains of HKD2.1 billion (USD271 million). The carrier’s operating profit of USD263.6 million also represented a reversal from a loss (of USD90.1 million ) in 1H2008.

This CAPA Premium Analysis article is 1,709 words.

To access CAPA Premium Analysis you need a CAPA Membership

Your window into the latest insights

CAPA employs an industry-leading Analyst team based in Europe, North America, Asia and Australia who offer unique perspectives and independent and accurate commentary of critical industry developments globally. CAPA Members rely on our Analysis to unlock valuable insights and actionable intelligence to keep ahead of the game.

Big picture strategic view

Our Analysts don’t just report the news - they take a big picture strategic view of aviation dynamics, issues and trends and analyse the implications of these developments for you.

Global intelligence

The CAPA Analyst team is based globally to ensure our CAPA Members have access to independent, unique perspectives covering an entire spectrum of daily, worldwide commercial aviation developments.

Customise your Alerts

CAPA Members can use CAPA Alerts to receive daily, weekly or monthly and customised updates on our Analysis.

I'm very impressed by the factual and detailed analysis CAPA is always doing.

- CEO, Airline Member
To learn more, contact us:
Phone: +61 2 9241 3200 | Email: membership@centreforaviation.com