On June 15, Cathay Pacific rose 4.3% in regular trading, trading at HK$12.33/share, with turnover of HK$97.77 million. The stock rebounded alongside the broader airline sector, driven by continued declines in international oil prices that alleviated fuel cost concerns across the industry.
On the news front, a sharp drop in crude oil prices has eased market sentiment toward airline stocks, with institutions noting that fuel cost pass-through for carriers is expected to improve going forward. CEO Lam Siu-por previously stated at an aviation summit that if fuel prices remained elevated, Cathay Pacific might cut some flights in September. The recent oil price retreat reduces the likelihood of such capacity reductions, providing near-term relief to the company's operational outlook.
Within the Airlines sector, the rally was broad-based and significant. Air China surged 11.94%, China Southern Airlines gained 9.70%, and China Eastern Airlines rose 9.36%, reflecting sector-wide tailwinds from lower energy costs and sustained passenger demand recovery.
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