Cathay Pacific slips on plan to cut flights amid surging jet fuel prices

Cathay Pacific Airways

13/04/2026 03:21

** Shares of Cathay Pacific Airways 0293.HK slip 2.4% to HK$11.51, their lowest point since April 2

** Hong Kong's flagship carrier said on Saturday it will cut some flights from mid-May until the end of June, citing soaring jet fuel costs triggered by the conflict in the Middle East

** The airline said it will cancel about 2% of its scheduled passenger flights from May 16 to June 30, while its budget arm HK Express will cut about 6% from May 11

** YTD, stock down 7.1%, while the benchmark Hang Seng Index .HSI adds 0.04%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))