Cathay Profit Confirms Recovery

Cathay Pacific has implemented strategic changes to boost revenue, such as increasing destinations and revamping aircraft. Despite these efforts, challenges like volatile oil prices and ongoing union negotiations persist. The company has also adjusted its hedging strategy, shortening contracts to mitigate past losses, which may improve future financial performance.

What is the significance of the earnings report for airlines?

What role does union negotiation play in the turnaround plans of airlines?