BLOOMBERG After being hit during the pandemic harder than pretty much any airline still flying, Cathay Pacific Airways Ltd has a very good chance of posting a net profit this year and returning to full capacity in 2024, according to Chief Executive Officer Ronald Lam. Covid-related disruption had such an impact on Hong Kong air travel that on one day ...

BLOOMBERG Zara owner Inditex SA is struggling to reverse an earnings decline at its formal-wear chain Massimo Dutti as mid-range officewear is hit particularly hard by the cost-of-living crisis. Earnings from the brand dropped 9.6% in the past fiscal year, Inditex reported. Revenue stood at €1.6 billion ($1.7 billion), 16% below the level of 2019, making Massimo Dutti the only ...

BLOOMBERG KCB Group Plc shares plunged on Thursday, heading for the lowest level since August 2020 after Kenya’s second-largest bank announced it was cutting its proposed dividend. The Nairobi-based lender posted 19% growth in net income to 40.6 billion shillings ($312.6 million) for last year, but the decision to lower the payout to 2 shillings per unit from 3 shillings ...