Cathay Pacific Reports 71% Profit Increase Amid Global Challenges
Cathay Pacific has reported a significant 71% increase in profit, reaching HK$6.2 billion in the first half of the year. The airline's strong performance comes despite global challenges like the Iran war and increased passenger surcharges.
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Cathay Pacific posts 71% profit rise to HK$6.24 billion in first half of year
Hong Kong flag carrier Cathay Pacific Airways has reported a 71 per cent year-on-year rise in net profit to HK$6.24 billion (US$802 million) for the first six months of 2026, driven by stronger demand. Cathay Group chairman Guy Bradley, who delivered the interim results for the first time since taking up the role earlier this year, said jet fuel prices had come down from their peak in the second quarter but were increasing again due to the escalating tensions in the Middle East. “We expect th...
By Lam Ka-sing
Read full article →Cathay Pacific’s profit soars 71% to HK$6.2 billion amid Iran war and surcharges for passengers
Hong Kong carrier Cathay Pacific said Wednesday that net profit surged 71 percent in the first half of the year, as demand from passengers avoiding the Middle East offset a near doubling of fuel costs caused by the Iran war. “Our result was positively impacted by ongoing underlying demand for Cathay Pacific and Cathay Cargo, […]
By AFP
Read full article →Coverage Timeline
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