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Cathay Pacific Airways Limited

Cathay Pacific Airways Limited, together with its subsidiaries, offers international passenger and air cargo transportation services. The company provides airline operations, including catering, cargo terminal operations, ground handling services, and commercial laundry operations, as well as scheduled services. The company operates in the Chinese Mainland, Hong Kong, Taiwan, Japan, Korea, the Americas, the Southeast Asia and the Oceania, Europe, the South Asia, the Middle East, and Africa. As of 31st December 2025, it operates 237 aircraft and 103 new passenger and freighter aircraft. Cathay Pacific Airways Limited was founded in 1946 and is headquartered in Lantau Island, Hong Kong.

Price · split & dividend adjusted
News & notes moving 0293.HK
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Cathay Pacific's net profit surges 71% to HK$6.2 billion in first half

Cathay Pacific reported a 71 percent surge in net profit to HK$6.2 billion for the first half of the year, driven by strong travel demand and increased transit traffic through Hong Kong as passengers avoided the Middle East. Revenue rose 25.3 percent to HK$68 billion, with passenger revenue up 26.3 percent to HK$43.2 billion. Fuel costs jumped 59.1 percent compared to the same period in 2025, nearly doubling from the first quarter to the second due to the Iran war, prompting multiple fuel surcharge adjustments. The airline carried 17.5 percent more passengers, while low-cost subsidiary HK Express saw a 9.8 percent increase. Cathay Pacific remains cautiously optimistic for the rest of the year and is on track to reach its group passenger capacity growth target of around 10 percent.
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Cathay Pacific expects attributable profit of HK$6 billion to HK$6.5 billion in first half of 2026

Cathay Pacific announced that it expects to record an attributable comprehensive profit of approximately HK$6 billion to HK$6.5 billion in the first half of 2026, including about HK$1.4 billion from a deemed disposal gain on an associate due to dilution of its stake in Air China, compared with a profit of HK$3.7 billion in the same period of 2025. In June, the company and HK Express together carried over 3.1 million passengers, with passenger and cargo volume up 9% year on year, passenger numbers up 12%, and available seat kilometres up 6%. In the first half of 2026, passenger numbers rose 17% year on year. In addition, June cargo volume increased 9% year on year, with available cargo tonne kilometres up 1%. In the first half of 2026, cargo volume rose 9% year on year.
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财中社·36dRead more ▾
Defense & Geopolitical Fragmentation▼

Cathay Pacific halts restart of Mideast cargo flights as war reignites

Cathay Pacific Airlines postponed the planned resumption of passenger and freighter flights to parts of the Middle East, joining all-cargo operator Cargolux in opting for risk avoidance following the resumption of large-scale hostilities between the United States and Iran. Cathay Pacific planned to restart daily passenger flights from Hong Kong to Dubai and four-times weekly passenger flights to Riyadh, Saudi Arabia, on September 1, but those services are now scheduled to start on October 25 and October 26, respectively. Cathay Cargo, which operates a fleet of 20 Boeing 747 jumbo jets, has indefinitely postponed service to Riyadh that was scheduled to resume August 1. Luxembourg-based Cargolux previously notified customers that its planned restart of service to Dubai has been placed on hold until further notice, while service to other Middle East destinations remains suspended. The Iran war escalation is likely to temporarily reduce global air capacity available to shippers, as it did in the early stages of the conflict when global air capacity fell more than 12 percent.
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Defense & Geopolitical Fragmentation ▲Aerospace & Aviation ▼
FreightWaves·37dRead more ▾
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China's Big Three Airlines Trail Cathay by Nearly 50 Percentage Points

Shares of Air China, China Eastern Airlines, and China Southern Airlines have each fallen at least 42% so far in 2026, while Cathay Pacific Airways has risen nearly 6%, leaving the three mainland carriers trailing the Hong Kong-based airline by almost 50 percentage points. Morgan Stanley lowered its net profit forecasts for the three major Chinese airlines by an average of 12% last week, citing soft domestic demand. HSBC noted that elevated fuel prices and limited pricing power are pressuring margins, and maintained its buy recommendation on Cathay Pacific as short- and long-haul bookings improved. Investors now await Cathay's first-half earnings in early August and results from the mainland carriers later next month for signs of whether the performance gap will persist.
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Air Hong Kong leases Airbus A330 cargo jet from US provider

Air Hong Kong, a freighter subsidiary of Cathay Pacific Airways, has signed a lease with Ohio-based Air Transport Services Group for an Airbus A330 passenger-converted cargo jet, bringing its all-A330 fleet to 15 aircraft. The parent company announced the transaction on Thursday, saying Air Hong Kong will preliminarily use the new medium widebody aircraft to serve mainland China and other regional destinations on behalf of leading customer DHL Express. The A330 freighter will join Air Hong Kong's fleet in the fourth quarter. The deal is noteworthy for ATSG because it is only the third A330-300 the company has paid to convert to cargo configuration and placed with a customer.
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