Cathay Pacific shares climb on profit jump, growth plans - News Summed Up

Cathay Pacific shares climb on profit jump, growth plans


Hong Kong’s de-facto flag carrier said net income climbed almost 10% to HK$10.8 billion (US$1.4 billion or RM5.41 billion) last year, beating analyst estimates. Shares rose more than 5% in Hong Kong following the release of its results and are up about 5% this year. Some carriers are increasing their fuel surcharges or raising fares outright, with some Asian airlines mapping out contingency plans including grounding planes should the conflict persist. “We have built a strong foundation which has made Cathay resilient, efficient and adaptable,” outgoing chairman Pat Healy said, noting volatility in air traffic flows and jet fuel prices. Hometown rival Hong Kong Airlines said Tuesday it’s increasing surcharges.


Source: The Edge Markets March 11, 2026 06:13 UTC



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