Cathay Pacific climbs on strong H1 profit growth
05/08/2026 06:29
BUZZ-Cathay Pacific climbs on strong H1 profit growth ** Shares of Cathay Pacific Airways 0293.HK climb 2.1% to HK$14.7, set for their biggest one-day pct gain since July 28
** The flagship Hong Kong carrier reported its best first-half profit since 2010 on Wednesday as strong passenger and cargo demand and a one-time gain from its Air China 0753.HK stake sale offset higher fuel prices
** Cathay Pacific's first-half net profit rose 71% y/y, revenue climbed 25.3% y/y and profit margin grew to 9.2% from 6.7%
** "Looking ahead, summer travel demand going into the third quarter is looking strong," Chairman Guy Bradley said, adding the company remains "cautiously optimistic" for the rest of the year
** YTD, stock up 17.1%, benchmark Hang Seng Index .HSI up 0.7%
(Reporting by Donny Kwok)
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