Cathay Pacific Group reports positive turnaround in 2018

Cathay Pacific Group reported (13-Mar-2019) the following financial highlights for 2018:

• Total revenue: HKD111,060 million (USD14,170 million), +14.2% year-on-year;
  • Cathay Pacific and Cathay Dragon: HKD106,512 million (USD13,589 million), +14.5%;
    • Passenger: HKD73,119 million (USD9329 million), +10.1%;
    • Cargo: HKD24,663 million (USD3147 million), +20.0%;
• Total operating costs: HKD109,579 million (USD13,981 million), +8.1%;
  • Fuel: HKD33,869 million (USD4321 million), +8.9%;
  • Labour: HKD20,211 million (USD2579 million), +1.2%;
• Operating profit: HKD3595 million (USD459 million), compared to a loss of HKD2279 million in p-c-p;
• Net profit: HKD2777 million (USD354 million), compared to a loss of HKD888 million in p-c-p;
• Passenger revenue per ASK: HKD 47.1 cents (USD 6.0 cents), +6.6%;
• Passenger yield: HKD 55.8 cents (USD 7.1 cents), +6.7%;
• Cargo revenue per AFTK: HKD1.40 (USD 17.9 cents), +16.7%;
• Cargo yield: HKD2.03 (USD 25.9 cents), +14.7%;
• Total assets: HKD190,294 million (USD24,279 million);
• Liquid funds: HKD15,315 million (USD1954 million);
• Total liabilities: HKD126,355 million (USD16,121 million). [more - original PR]

*Based on the average conversion rate at HKD1 = USD0.127585