Cathay Pacific Records Slightly Higher Profit in 2024; EPS Estimates Exceed Expectations

MT Newswires Live2025-03-12

Cathay Pacific Airways (HKG:0293) recorded HK$9.89 billion in profit attributable to shareholders for 2024, 1% higher than HK$9.79 billion in 2023, a Wednesday Hong Kong bourse filing said.

Diluted earnings per share rose 5.9% to HK$1.332 from HK$1.258 a year ago. Analysts at Visible Alpha estimated earnings per share of HK$1.09.

The international airline's revenue was HK$104.37 billion, 10.5% higher than HK$94.49 billion a year earlier. The revenue forecast by Visible Alpha analysts was HK$104.74 billion.

The board has recommended a second interim dividend of HK$0.49 per share, payable on May 8 to shareholders on record as of April 3.

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