Cathay Pacific climbs most in almost a month on May traffic growth
BUZZ-Cathay Pacific climbs most in almost a month on May traffic growth ** Shares of Hong Kong-based Cathay Pacific Airways 0293.HK climb 3% to HK$12.27, on track for the biggest one-day pct gain since May 29
** Stock touches the highest level since June 17, snapping three consecutive declining sessions
** Hong Kong flagship carrier said it carried 17% more passengers in May 2026 compared with May 2025, and cargo carried was up 11% y/y
** "Looking ahead, the outlook for the summer travel peak remains positive, particularly on our long-haul routes, while bookings for short-haul destinations are accelerating" - Cathay Chief Customer and Commercial Officer Lavinia Lau
** Cathay Pacific will cut the surcharge it imposes to cover fuel costs for most of its passenger flights from July 1, its website showed on Tuesday
** YTD, stock down 1.9%, benchmark Hang Seng Index .HSI down 8.5%
(Reporting by Donny Kwok)
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