Cathay Pacific climbs on passenger growth, outlook optimism

Cathay Pacific Airways

21/05/2026 04:06

** Shares of Cathay Pacific Airways 0293.HK climb 3.2% to HK$12.37, on course for the biggest one-day pct gain since May 7

** Stock touches the highest point since May 15

** Hong Kong's flagship carrier said it remained on track to meet its 2026 capacity growth targets as it expected seasonal leisure travel and event-driven traffic to drive demand despite soaring fuel costs tied to the Iran war

** Cathay Pacific said it carried 17% more passengers in April 2026 as compared with the year earlier, cargo volumes up 8% y/y

** YTD, stock down 0.9%, while benchmark Hang Seng Index .HSI up 0.2%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))