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293 — Cathay Pacific Airways News Story

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Brief: Cathay Pacific CFO Says Airline Is Just Over 30% Hedged On Brent Oil For Next 12 Months

BRIEF-Cathay Pacific CFO Says Airline Is Just Over 30% Hedged On Brent Oil For Next 12 Months

- Cathay Pacific Airways Limited 0293.HK:

  • CATHAY PACIFIC CFO SAYS AIRLINE IS JUST OVER 30% HEDGED ON BRENT OIL FOR NEXT 12 MONTHS

  • CATHAY PACIFIC CFO SAYS AI INFRASTRUCTURE BOOM IS DRIVING HIGH AIR CARGO DEMAND, SUPPORTING YIELDS

  • CATHAY PACIFIC EXECUTIVE SAYS WILL CONTINUE TO LEVERAGE HEDGING AND FUEL SURCHARGES TO OFFSET JET FUEL COST INCREASES

  • CATHAY PACIFIC EXECUTIVE SAYS CAUTIOUSLY OPTIMISTIC ON UPCOMING CARGO PEAK SEASON, WILL ADD CAPACITY ON HONG KONG-AMERICAS ROUTES

  • CATHAY PACIFIC EXECUTIVE SAYS AI BOOM EXPECTED TO LAST AT LEAST TO END-2026, TO LEVERAGE SUBSIDIARY'S CAPACITY TO CAPTURE INTRA-ASIA TECH TRAFFIC

  • CATHAY PACIFIC EXECUTIVE SAYS IN SECOND HALF AND LOOKING FORWARD TO NEXT YEAR UNDERLYING PASSENGER AND CARGO DEMAND LOOKS STRONG

  • CATHAY PACIFIC CFO SAYS BUDGET ARM HK EXPRESS MORE VULNERABLE TO HIGH FUEL PRICES

  • CATHAY PACIFIC EXECUTIVE SAYS NO PARTICULAR IMPACT ON EUROPEAN CARGO ROUTES YET FROM E-COMMERCE TAX

  • CATHAY PACIFIC CFO SAYS HEDGING AND FUEL SURCHARGES COVERED ABOUT 50% OF INCREASE IN FUEL COSTS IN Q2

Further company coverage: 0293.HK


(Reporting by Julie Zhu)

((julie.zhu1@thomsonreuters.com))

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