Cathay Pacific has tried to turn its global training headquarters near Hong Kong International Airport into a temple of team spirit. Employees can wander into classes for yoga and belly-dancing and get a drink at Dhakota's, the company bar. "It's like a big playground," says Steve Lawrence, one of Cathay's training and development managers.
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Cathay Pacific Airways posted a 55 percent rise in first-half earnings on Wednesday, on strong passenger demand and synergies from a buyout of rival Dragonair.
Cathay said on Wednesday it would focus on taking advantage of its newly acquired Dragonair -- and its extensive network across mainland China -- and partner Air China.
Hong Kong's largest air carrier posted a net profit of HKD$2.58 billion (USD$330.8 million) for the January-June period, versus HKD$1.67 billion a year ago.
"The second half of 2007 will be an important one," chairman Christopher Pratt said in a statement.
Dragonair became a wholly owned subsidiary of Cathay on September 28. 2006.
Cathay Pacific holds a 17.32 percent stake in Air China. The latter said last month that first-half net profit would jump at least 20 times, from just CNY45 million yuan (USD$6 million), under domestic accounting standards.
(Reuters)
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