1033 GMT - Cathay Pacific's latest earnings guidance looks encouraging even after excluding one-off gains, says Jason Sum of DBS. "The street has been overly conservative on Cathay's earnings potential," the analyst says. That is especially so when factoring in the air cargo market, which has been more resilient than expected, and the robust rebound seen in the company's passenger traffic, Sum says. The carrier's guidance suggests that the market may raise its forecasts for next year, he adds. Cathay Pacific shares close 7.15% higher at HK$12.88, a 10-year high. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

December 23, 2025 05:33 ET (10:33 GMT)

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