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 Aug 5 (Reuters) - 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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