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I don't know much about US airlines but Cathay Pacific made a record breaking profit this year and they aren't even at full capacity https://www.bloomberg.com/n
by robjan 3y ago
I don't know much about US airlines but Cathay Pacific made a record breaking profit this year and they aren't even at full capacity https://www.bloomberg.com/news/articles/2024-03-13/cathay-pacific-2023-operating-profit-hits-record-1-9-billion https://www.bloomberg.com/news/articles/2024-03-13/cathay-pa...
- seanmcdirmid 3y agoThey must have other problems then because they are doing more poorly than US-based airline stocks: https://www.google.com/search?q=Cathay+Pacific+stock&oq=Cathay+Pacific+stock&gs_lcrp=EgZjaHJvbWUyBggAEEUYOdIBCDI2MTFqMGo3qAIAsAIA&sourceid=chrome&ie=UTF-8 https://www.google.com/search?q=Cathay+Pacific+stock&oq=Cath...
- robjan 3y agoThat's not really how the stock market works. Also Cathay pays profit to its shareholders in the form of dividends.
- seanmcdirmid 3y agoIt was their first profit/dividend since the pandemic: https://www.reuters.com/business/aerospace-defense/cathay-pacific-posts-first-annual-profit-four-years-2024-03-13/ https://www.reuters.com/business/aerospace-defense/cathay-pa...
- robjan 3y agoThe COVID restrictions here were only removed last year so that makes sense.