KEY POINTS
  • "I'm hopeful that this year we can turn around the business and be back in profit overall," Chief Executive Officer Ronald Lam told CNBC.
  • The Hong Kong carrier said in its earnings report last week that due to manpower limits, it will only be able to fully meet pre-pandemic passenger flight capacity by the end of 2024.
  • "We are currently supply constrained mainly by the manpower, not just of our company, but the whole ecosystem within the aviation industry," said Lam.

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Cathay Pacific hopes to be profitable again in 2023, but returning to its pre-pandemic capacity remains one of the airline's "biggest risks," its CEO told CNBC.

The capacity to operate at a profitable level depends on numerous factors, including "how full the flights might be, the yield we can generate on our flights," Chief Executive Ronald Lam told CNBC's Emily Tan Tuesday.

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