Hong Kong · Delayed Price · Currency is HKD Cathay Pacific Airways Earnings Call Transcripts
Fiscal Year 2025
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Passenger and cargo capacity are being adjusted in response to Middle East disruptions, with long-haul demand surging and fuel costs rising sharply. HK Express continues fleet expansion and leverages its Greater Bay Area presence, while fuel surcharges are set to increase.
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Record profits and revenue in 2025 capped three years of strong recovery, with capacity and network surpassing pre-pandemic levels. Strategic investments, improved financial health, and global recognition position the group for continued growth, despite fuel and geopolitical risks.
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Solid first half with 9.5% revenue growth and HKD 3.7 billion profit, driven by passenger and cargo strength, lower fuel prices, and network expansion. Major fleet investments and sustainability progress continue amid ongoing yield and supply chain challenges.
Fiscal Year 2024
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Reported HKD 9.9 billion net profit and HKD 104.4 billion revenue in 2024, marking a second consecutive year of strong results. Yield normalization, supply chain challenges, and ongoing investments in fleet and customer experience shape the outlook for 2025.
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Delivered a profitable H1 2024 with HKD 3.6 billion in profit, resumed dividends, and completed the government preference share buyback. Passenger and cargo demand remain strong, with major investments planned for fleet and customer experience upgrades.