On June 25, Cathay Pacific Airways rose 3.12% in regular trading, reaching HK$12.56 per share, with turnover of HK$105 million. The rally was driven by multiple positive catalysts including robust operational data and favorable macro developments.

On the operational front, Cathay Pacific reported May passenger volume up 17% year-over-year, with available seat kilometers increasing 10%. For the first five months, cumulative passenger volume rose 19% versus the prior year. Cathay Cargo posted an 11% year-over-year increase in freight volume for May, with available cargo tonne kilometers up 6%.

Additionally, geopolitical tensions eased after a ceasefire agreement between Israel and Iran was announced, pushing WTI crude down over 1% to US$72.45 per barrel. Cathay Pacific also announced fuel surcharge reductions effective July 1, with long-haul surcharges cut from HK$1,362 to HK$1,164. Meanwhile, the group expects to record approximately HK$1.4 billion in deemed disposal gains from dilution of its China Air stake in the first half of the year. The broader airline sector rallied in tandem, with China Eastern Airlines up 5.72% and China Southern Airlines up 3.46%.

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