Delta, Korean Air Earnings Offer Positive Read-across for Cathay Pacific

Dow Jones
07/14

0807 GMT - Delta's and Korean Air's earnings offer a positive read-across for Cathay Pacific's 1H results, HSBC Research analysts write in a note. Premium demand was a standout story for Delta, while Korean Air's 2Q passenger yields grew with the surge in Middle East traffic diversion. These are relevant trends for Cathay, which has a premium-heavy, long-haul network, they say. Strong cargo-growth trends support the expectation of robust cargo contribution in 1H for Cathay, the analysts add. Cathay's 1H results could drive a full-year earnings upgrade, and accelerating fuel pass-through should sustain the earnings momentum in 2H, they say. HSBC retains a buy rating on Cathay with a target price of HK$15.30. Shares are 0.1% lower at HK$13.15. (kimberley.kao@wsj.com)

 

(END) Dow Jones Newswires

July 14, 2026 04:07 ET (08:07 GMT)

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