Cathay Pacific 1H Profit Set to Beat Expectations

Dow Jones
07/23

1002 GMT - Cathay Pacific's 1H profit is set to beat HSBC's estimates, as company management expects profit of HK$6-HK$6.5 billion. Excluding a one-off gain, the mid-point implies a recurring profit of about HK$4.85 billion, up 33% on year and beating HSBC's estimates by 32%. Short‑term Middle East traffic diversion, higher fares, and air freight tailwinds helped offset fuel costs, they add. Robust premium demand in Hong Kong amid ongoing structural capacity constraints is a strong earnings catalyst, while the visible yield growth and effective fuel pass-through indicates upside potential for the stock, they write. HSBC retains a buy rating, lifting its target price to HK$16.50 from HK$15.30. Shares closed at HK$14.11. (kimberley.kao@wsj.com)

 

(END) Dow Jones Newswires

July 23, 2026 06:02 ET (10:02 GMT)

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