Cathay Pacific Group reports USD1.1bn operating loss in 1H2020

12 August, 2020

Cathay Pacific Group reported (12-Aug-2020) the following financial highlights for the six months ended 30-Jun-2020:

Revenue: HKD27,669 million (USD3.6 billion), -48.3% year-on-year;
- Passenger: HKD11,056 million (USD1.4 billion), -70.5%;
  - Cathay Pacific and Cathay Dragon: HKD10,396 million (USD1.3 billion), -72.2%;
- Cargo: HKD12,692 million (USD1.6 billion), +10.4%;
  - Cathay Pacific and Cathay Dragon: HKD11,177 million (USD1.4 billion), +8.8%;
Total operating costs: HKD35,591 million (USD4.6 billion), -32.2%;
- Cathay Pacific and Cathay Dragon: HKD32,268 million (USD4.2 billion), -36.7%;
  - Labour: HKD7420 million (USD956 million), -17.9%;
  - Fuel: HKD6884 million) (USD886.9 million), -52.6%;
Operating profit (loss): (HKD8735 million) (USD1.1 billion), compared to a profit of HKD2474 million in p-c-p;
Net profit (loss): (HKD9864 million (USD1.3 billion), compared to a loss of HKD1347 million in p-c-p;
Passenger revenue per ASK: HKD 37.5 cents (USD 4.83 cents), -19%;
Passenger yield: HKD 55.5 cents (USD 7.15 cents), +1.1%;
Cargo revenue per AFTK: HKD1.88 (USD0.24), +58%;
Cargo yield: HKD2.71 (USD0.35), +44.1%;
Total assets: HKD194,932 million (USD25.1 billion);
Liquid funds: HKD7355 million (USD947.6 million);
Total liabilities: HKD145,557 million (USD18.8 billion). [more - original PR]