Cathay Pacific ends two-year loss with $299 million profit in 2018

Hong Kong flag carrier Cathay Pacific ended two successive annual losses as it embarks on a massive overhaul. (AFP)

• The recovery came in a year that saw it suffer an embarrassing data breach that dented its reputation and could prove costly

HONG KONG: Hong Kong flag carrier Cathay Pacific on Wednesday announced a net profit of HK$2.35 billion ($299 million) last year, ending two successive annual losses as it embarks on a massive overhaul.
The recovery, compared with a $160 million loss the year before, also came in a year that saw it suffer an embarrassing data breach that dented its reputation and could prove costly.