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HK's Cathay Pacific expects up to $576 million first-half profit on strong demand - Vimarsana News

HK's Cathay Pacific expects up to $576 million first-half profit on strong demand

Cathay Pacific booked record losses the last three years as it parked much of its fleet during the pandemic amid COVID-related flight cancellations and drastic headcount cuts. That is turning around as passengers flock in huge numbers to travel overseas, with Cathay Pacific carrying a total of about 7.82 million passengers in the first-half, compared with a paltry 335,462 last year. Cathay Pacific's shares rose as much as 6.3% after the announcement to their highest in nearly seven months, beating a 0.3% gain for the benchmark Hong Kong index.

Source: yahoo.com
Cathay Pacific expects up to $576 million first-half profit as demand rebounds - Vimarsana News

Cathay Pacific expects up to $576 million first-half profit as demand rebounds

(Reuters) -Hong Kong's Cathay Pacific Airways said on Friday it expects to record a profit of up to HK$4.5 billion ($576 million) in the first half of the ...

National Australia Bank to change home loan refinancing criteria - Vimarsana News

National Australia Bank to change home loan refinancing criteria

(Reuters) - National Australia Bank (NAB) on Friday said it would refresh its approach to like-for-like refinancing criteria to help customers who would otherwise fail to meet an industry standard that assesses their ability to repay loans.

Aussie retailers in for more pain as high interest rates squeeze spending - Citi - Vimarsana News

Aussie retailers in for more pain as high interest rates squeeze spending - Citi

Australian retailers are in for a sombre period this fiscal year as high interest rates squeeze household budgets, especially for discretionary spending, Citigroup said on Thursday, with expected further rate hikes likely to dent confidence even more.

China's EV maker Zeekr opens orders for two luxury cars in Sweden, Netherlands - Vimarsana News

China's EV maker Zeekr opens orders for two luxury cars in Sweden, Netherlands

LONDON, June 28 (Reuters) - Zeekr, Geely Automobile's electric brand, said on Wednesday that two of its all-electric luxury cars are available for pre-order in the Netherlands and Sweden, joining a growing numb...