Cathay Pacific Maintains Profit As Passenger Yields Decline
The Cathay Group reported a profit of HK$9.9 billion ($1.3 billion) for 2024, compared to an HK$9.8 billion profit in 2023. The carrier described the result as a “solid financial performance,” marking its second consecutive annual profit after returning to the black last year. The second-half performance was stronger than in the first half.
The airline said its annual net profit rose slightly but flagged that trade conflicts could pose risks to its cargo business.
Cathay Pacific Group's operations chief, Alex McGowan, says there is a lack of visibility around its B777X deliveries.
JPMorgan downgraded Cathay Pacific (CPCAY) to Neutral from Overweight with a price target of HK$11, down from HK$12.30. The airline has emerged ...
Cathay Pacific Airways reported cargo revenue of HK$24 billion in 2024, reflecting an 8% year-on-year increase, supported by ...
Cathay Pacific Airways on Wednesday reported marginal full-year profit growth as airfares fell amid intense competition at a ...
Hong Kong's Cathay Pacific Airways has said it "assessed all the risks" in allowing the continued use of power banks on ...
Further expanding the Group’s global network as it strives to reach 100 destinations worldwide this yearMarch 10, 2025 -- ...
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