Cathay Pacific says profit soars 71 pct in first half
A photo taken on July 26, 2022 shows a passenger waiting for his Cathay Pacific flight at Melbourne's Tullamarine Airport. Cathay Pacific on Aug. 5, 2026,
Hong Kong carrier Cathay Pacific said on Aug. 5 that net profit surged 71 percent in the first half of the year, as demand from passengers avoiding the Middle East offset a near doubling of fuel costs caused by the Iran war.
"Our result was positively impacted by ongoing underlying demand for Cathay Pacific and Cathay Cargo, improved performance from HK Express, and stronger contributions from associates," the chair Guy Bradley said in its earnings report.
The airline reported net profit of HK$6.2 billion (US$795 million) in the first six months of the year, while revenue increased 25.3 percent on-year to HK$68 billion.
