Hong Kong’s Cathay Pacific Group, which owns the city’s flagship carrier Cathay Pacific, low-cost carrier Hong Kong Express and cargo airline Air Hong Kong, has recorded a profit of HK$3.61 billion for the first half of 2024, a 15 per cent drop compared to the same period last year. Speaking during a press conference to announce the group’s interim report on Wednesday, Patrick Healy, chair of the group, said the fall in profit was “principally attributable to the normalisation of ticket prices.” In the first half of 2024, Cathay Pacific carried a total of 10.7 million passengers, with passenge…
