Cathay Pacific Clocks Double-Digit Growth in November Passenger, Cargo Volume

MT Newswires Live12-20

Cathay Pacific (HKG:0293) flew 2.01 million passengers in November, a 23.1% increase from the corresponding month a year ago, according to a Friday filing with the Hong Kong bourse.

The airline carried 142,601 tons of cargo last month, an increase of 15% over November 2023.

Cathay Pacific added Cairns while HK Express added Phu Quoc, Hualien, and Shizuoka to the group's global network.

Looking ahead, Hong Kong's flag carrier, along with HK Express, expects to reach 100% of pre-COVID flights from January 2025.

The group forecasts heightened cargo demand and reduced fuel prices resulting in strong second-half financial results.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • setia100
    08:28
    setia100
    More to come as all EU airlines are prohibited to fly over the Russia airspace ❗No such restriction is enforced to Chinese airliners,😁
Leave a comment
1
1