On May 29, Cathay Pacific rose 3.05% in regular trading, trading at HK$13.19/share, with trading volume of HK$78.61 million.
On the news front, international oil prices dropped sharply amid US-Iran negotiation progress, significantly easing fuel cost pressure for airlines. Simultaneously, Cathay Pacific Group signed a confirmed order with Airbus to exercise additional purchase rights for two A350F freighters, further expanding its cargo fleet capacity. Analysts noted that while elevated oil prices in April-May constrained passenger traffic volume, aviation demand continues to show clear year-over-year growth, with expectations that the upcoming summer travel season will improve airlines' ability to pass through fuel costs as supply-demand dynamics tighten.
The broader airline sector rallied in tandem, with China Eastern Airlines up 4.93%, China Southern Airlines up 2.65%, and Air China up 2.52%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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