The Airport Authority looks set to cut losses again this year, but new chief executive David Pang is not yet ready to predict a profit.
'I don't want to speculate now,' Mr Pang said yesterday.
Speaking publicly for the first time since his appointment on January 1, Mr Pang said growth in passenger and cargo numbers this year were expected to translate into an improvement to the authority's bottom line.
The authority reported its loss narrowed to HK$168 million in the year to March 31 from HK$388 million a year earlier.
Mr Pang - who spent 16 years with United States chemical conglomerate DuPont - said the authority would expand its markets through the development and expansion of the Hong Kong International Airport's facilities at Chek Lap Kok.
'We will use the airport city to make value from every unit passing through Hong Kong,' he said.
The authority is awaiting the results of a study, due to be completed by June, of future airport expansion - which could include a second convention centre, hotels and office blocks, as well as extra passenger and cargo facilities.
