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Cathay Pacific Airways Limited

Cathay Pacific Airways Limited, together with its subsidiaries, provides international passenger and air cargo transportation services. Its operations include airline services, catering, cargo terminal operations, ground handling, commercial laundry, and scheduled services. The company operates across the Chinese Mainland, Hong Kong, Taiwan, Japan, Korea, the Americas, Southeast Asia and Oceania, Europe, South Asia, the Middle East, and Africa. As of 31 December 2025, it operated 237 aircraft and 103 new passenger and freighter aircraft. Founded in 1946, the company is headquartered on Lantau Island, Hong Kong.

Country
Price · split & dividend adjusted
News & notes moving 0293.HK
Hong Kong SAR ChinaUnited States
0293.HK▲

Google's AI Cuts Contrail Warming 40% in Cathay Pacific Trial

Alphabet's Google has expanded its contrail-fighting AI program with Cathay Pacific, following a real-world trial on more than 80 flights that delivered an estimated 40% reduction in contrail-related warming. The partnership marks the first time Google's technology has been applied in the Asia-Pacific region and on ultra-long-haul routes. The platform combines satellite images, weather intelligence, and AI-generated forecasts to identify atmospheric zones where pilots can adjust altitude to reduce persistent contrail formation. Alphabet's latest quarter generated $119.8 billion in revenue, with Google Cloud contributing $24.8 billion, and the stock trades 32.75% above its GF Value estimate of $252.58. Cathay has not disclosed a contract value or commercialization plan, so the initiative remains a demonstration of AI utility rather than a significant revenue source.
Cathay Pacific… ▲GOOG ▲
0293.HK · Technology · Positive Cathay Pacific partnered with Google to trial AI contrail reduction, achieving 40% warming reduction
GOOG · Technology · Positive Google's AI contrail technology demonstrated 40% reduction in trial with Cathay Pacific, showcasing AI utility
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Hong Kong SAR China
0293.HK▲

Cathay Pacific's net profit surges 71% to HK$6.2 billion in first half

Cathay Pacific reported a 71 percent surge in net profit to HK$6.2 billion for the first half of the year, driven by strong travel demand and increased transit traffic through Hong Kong as passengers avoided the Middle East. Revenue rose 25.3 percent to HK$68 billion, with passenger revenue up 26.3 percent to HK$43.2 billion. Fuel costs jumped 59.1 percent compared to the same period in 2025, nearly doubling from the first quarter to the second due to the Iran war, prompting multiple fuel surcharge adjustments. The airline carried 17.5 percent more passengers, while low-cost subsidiary HK Express saw a 9.8 percent increase. Cathay Pacific remains cautiously optimistic for the rest of the year and is on track to reach its group passenger capacity growth target of around 10 percent.
Cathay Pacific… ▲
0293.HK · Demand · Positive Strong travel demand and increased transit traffic boosted passenger revenue and net profit.
HK Express · Demand · Positive HK Express saw a 9.8% increase in passenger numbers, benefiting from the same travel demand.
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0293.HK▲

Cathay Pacific expects attributable profit of HK$6 billion to HK$6.5 billion in first half of 2026

Cathay Pacific announced that it expects to record an attributable comprehensive profit of approximately HK$6 billion to HK$6.5 billion in the first half of 2026, including about HK$1.4 billion from a deemed disposal gain on an associate due to dilution of its stake in Air China, compared with a profit of HK$3.7 billion in the same period of 2025. In June, the company and HK Express together carried over 3.1 million passengers, with passenger and cargo volume up 9% year on year, passenger numbers up 12%, and available seat kilometres up 6%. In the first half of 2026, passenger numbers rose 17% year on year. In addition, June cargo volume increased 9% year on year, with available cargo tonne kilometres up 1%. In the first half of 2026, cargo volume rose 9% year on year.
Cathay Pacific… ▲Air China Ltd…
0293.HK · Capital · Positive Cathay Pacific expects significantly higher attributable profit of HK$6-6.5 billion in H1 2026 vs HK$3.7 billion in H1 2025, including a deemed disposal gain.
HK Express · Demand · Positive HK Express, as part of Cathay Pacific group, contributed to the 12% passenger growth and 9% cargo volume increase in June, indicating strong demand.
601111.CG · Capital · Neutral Air China is mentioned only as an associate where Cathay Pacific's stake dilution generates a deemed disposal gain; no direct impact on Air China itself.
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Defense & Geopolitical Fragmentation▼

Cathay Pacific halts restart of Mideast cargo flights as war reignites

Cathay Pacific Airlines postponed the planned resumption of passenger and freighter flights to parts of the Middle East, joining all-cargo operator Cargolux in opting for risk avoidance following the resumption of large-scale hostilities between the United States and Iran. Cathay Pacific planned to restart daily passenger flights from Hong Kong to Dubai and four-times weekly passenger flights to Riyadh, Saudi Arabia, on September 1, but those services are now scheduled to start on October 25 and October 26, respectively. Cathay Cargo, which operates a fleet of 20 Boeing 747 jumbo jets, has indefinitely postponed service to Riyadh that was scheduled to resume August 1. Luxembourg-based Cargolux previously notified customers that its planned restart of service to Dubai has been placed on hold until further notice, while service to other Middle East destinations remains suspended. The Iran war escalation is likely to temporarily reduce global air capacity available to shippers, as it did in the early stages of the conflict when global air capacity fell more than 12 percent.
Cathay Pacific… ▼
Defense & Geopolitical Fragmentation ▲Aerospace & Aviation ▼
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Defense & Geopolitical Fragmentation › Missiles, Munitions & Energetics ▲Demand
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0293.HK · Geopolitics · Negative Cathay Pacific halts restart of Mideast cargo flights due to US-Iran war escalation.
Cargolux Airlines International · Geopolitics · Negative Cargolux places restart of Dubai service on hold due to war escalation.
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FreightWaves·76dRead more →
0293.HK▲

China's Big Three Airlines Trail Cathay by Nearly 50 Percentage Points

Shares of Air China, China Eastern Airlines, and China Southern Airlines have each fallen at least 42% so far in 2026, while Cathay Pacific Airways has risen nearly 6%, leaving the three mainland carriers trailing the Hong Kong-based airline by almost 50 percentage points. Morgan Stanley lowered its net profit forecasts for the three major Chinese airlines by an average of 12% last week, citing soft domestic demand. HSBC noted that elevated fuel prices and limited pricing power are pressuring margins, and maintained its buy recommendation on Cathay Pacific as short- and long-haul bookings improved. Investors now await Cathay's first-half earnings in early August and results from the mainland carriers later next month for signs of whether the performance gap will persist.
Cathay Pacific… ▲China Southern… ▼China Eastern… ▼Air China Ltd… ▼
0293.HK · Demand · Positive Cathay's short- and long-haul bookings improved, and its shares rose nearly 6% in 2026, contrasting with mainland carriers' declines.
600029.CG · Demand · Negative Soft domestic demand cited by Morgan Stanley, leading to lowered net profit forecasts.
600115.CG · Demand · Negative Soft domestic demand cited by Morgan Stanley, leading to lowered net profit forecasts.
601111.CG · Demand · Negative Soft domestic demand cited by Morgan Stanley, leading to lowered net profit forecasts.
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0293.HK▲2

Air Hong Kong leases Airbus A330 cargo jet from US provider

Air Hong Kong, a freighter subsidiary of Cathay Pacific Airways, has signed a lease with Ohio-based Air Transport Services Group for an Airbus A330 passenger-converted cargo jet, bringing its all-A330 fleet to 15 aircraft. The parent company announced the transaction on Thursday, saying Air Hong Kong will preliminarily use the new medium widebody aircraft to serve mainland China and other regional destinations on behalf of leading customer DHL Express. The A330 freighter will join Air Hong Kong's fleet in the fourth quarter. The deal is noteworthy for ATSG because it is only the third A330-300 the company has paid to convert to cargo configuration and placed with a customer.
Cathay Pacific… ▲DHL.XETRA ▲AIR.PA ▲
Air Transport Services Group · Demand · Positive ATSG leases an A330-300 converted freighter to Air Hong Kong, its third such conversion and placement, generating revenue and validating its conversion program.
0293.HK · Demand · Positive Air Hong Kong, a Cathay Pacific subsidiary, leases an A330 freighter to serve DHL Express, boosting cargo capacity and revenue.
DHL.XETRA · Demand · Positive DHL Express is the leading customer for Air Hong Kong's new A330 freighter, indicating increased demand for DHL's air cargo services.
AIR.PA · Demand · Positive Airbus A330 aircraft is leased and converted to freighter, demonstrating continued demand for the A330 platform.
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