Cathay Pacific hits five-month high on strong first-half profit forecast
23/07/2026 03:52
BUZZ-Cathay Pacific hits five-month high on strong first-half profit forecast ** Shares of Cathay Pacific Airways 0293.HK climb 3.8% to HK$14.1, their highest since February 27
** Stock on track for biggest one-day pct rise since June 25 on its third straight session of gains
** Hong Kong's flagship carrier said on Wednesday its first half profit may jump as much as 76% from a year earlier, boosted by strong passenger and cargo demand, improved performance from low-cost carrier HK Express and higher contributions from associates
** "The outlook for the summer peak remains encouraging, particularly across our long-haul network," said Chief Customer and Commercial Officer Lavinia Lau
** YTD, stock up 13%, benchmark Hang Seng Index .HSI down 1.7%
(Reporting by Donny Kwok)
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