Cathay Pacific posts first annual profit in four years

HONG KONG  — Cathay Pacific posted its first annual profit since 2019 as it left behind the COVID-19 period distress that drove heavy losses and layoffs at the airline, sending its shares surging to a four-year high. Hong Kong’s flagship airline announced on Wednesday it made a HK$9.79 billion ($1.25 billion) net profit in 2023,
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