On July 22, CATHAY PAC AIR rose 3.17% in regular trading, trading at HK$13.68/share, with turnover of HK$118 million.

On the news front, the company issued a profit alert announcing that it expects shareholders' attributable profit for the first half of the year to reach approximately HK$6.0 billion to HK$6.5 billion, representing a substantial increase of 62% to 76% compared to HK$3.7 billion in the same period last year. The forecast includes approximately HK$1.4 billion in deemed disposal gains arising from dilution of the group's equity interest in Air China.

Operationally, June passenger volume rose 12% year-over-year, with cumulative H1 passenger volume up 17%. June cargo volume increased 9% year-over-year. The group attributed the strong performance to robust demand for Cathay Pacific and Cathay Cargo, improved performance at HK Express, and enhanced profit contributions from associates. Notably, Citi upgraded the stock from Sell to Buy on July 21, raising the target price to HK$16.2 and naming it the top pick in the Asia-Pacific airline sector.

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