Cathay Pacific posts 9.5% rise in annual profit on strong passenger and cargo demand

Full-year profit rose 9.5% year-on-year, driven by robust passenger growth, increased capacity and steady cargo performance. The results indicate continued recovery in travel demand and capacity normalization for Cathay Pacific, supporting near-term revenue and yield improvement and likely moving the stock by a few percent.

Analysis

Full-year profit rose 9.5% year-on-year, driven by robust passenger growth, increased capacity and steady cargo performance. The results indicate continued recovery in travel demand and capacity normalization for Cathay Pacific, supporting near-term revenue and yield improvement and likely moving the stock by a few percent.