Hong Kong’s Cathay Pacific Airways anticipates a HK$2.3 billion ($293.7 million) net profit for 2018, reversing a HK$1.3 billion loss in the previous year, according to preliminary results. “In 2018, the passenger business benefited from capacity growth, a focus on customer service and improved revenue management. Load factors were sustained, and yield improved despite competitive pressures,” the airline said in a statement. Cathay added that its three-year transformation ...

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