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

Earnings
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Summary · why it matters

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.

Impact on stocks 2

Industrials▲ · 1 stocks
Cathay Pacific Airways Limited
0293
▲ PositiveCapitalrelevance

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.

Others▲ · 1 stocks
Air China Ltd Class A
601111
± MixedCapitalrelevance

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.

Off-coverage companies 1

HK ExpressPrivate▲ Positive
Demandrelevance

HK Express, as part of Cathay Pacific group, contributed to the 12% passenger growth and 9% cargo volume increase in June, indicating strong demand.

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