Cathay Pacific Group reports USD700m operating loss in 1H2021

    Cathay Pacific Group reported (11-Aug-2021) the following financial highlights for the six months ended 30-Jun-2021:

    • Revenue: HKD15,854 million (USD2.0 billion), -42.7% year-on-year;
      • Passenger: HKD748 million (USD96.4 million), -93.2%;
        • Cathay Pacific: HKD745 million (USD96.0 million), -92.8%;
      • Cargo: HKD12,702 million (USD1.6 billion), +0.1%;
        • Cathay Pacific and Cathay Dragon: HKD11,112 million (USD1.4 billion), -0.6%;
    • Total operating costs: HKD21,635 million (USD2.8 billion), -39.2%;
      • Cathay Pacific: HKD18,909 million (USD2.4 billion), -41.4%;
        • Labour: HKD4853 million (USD625.3 million), -34.6%;
        • Fuel: HKD2034 million (USD262.1 million), -70.5%;
    • Operating profit (loss): (HKD5435 million) (USD700.3 million), compared to a loss of HKD8735 million in p-c-p;
    • Net profit (loss): (HKD7564 million) (USD974.6 million), compared to a loss of HKD9864 million in p-c-p;
    • Passenger revenue per ASK: HKD 17.9 cents (USD 2.31 cents), -52.3%;
    • Passenger yield: HKD 94.5 cents (USD 12.18 cents), +70.3%;
    • Cargo revenue per AFTK: HKD2.74 (USD0.35), +45.7%;
    • Cargo yield: HKD3.37 (USD0.43), +24.4%;
    • Total assets: HKD205,668 million (USD26.5 billion);
    • Liquid funds: HKD23,557 million (USD3.0 billion);
    • Total liabilities: HKD135,781 million (USD17.5 billion).
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