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Cathay Pacific Shares Hit Seven-Year Intraday High After Strong Guidance

Dow Jones12-23

 

By Kimberley Kao

 

Cathay Pacific shares hit a seven-year intraday high Tuesday morning after guiding for an annual profit growth for 2025.

Shares rose as much as 7.3% to 12.90 Hong Kong dollars, equivalent to US$1.66, putting it on track for its highest percentage increase since January. Shares are up 35% so far this year.

Hong Kong's flag carrier said in a filing late Monday that it expects profit for this year to exceed that of 2024, driven by a strong second-half, improved results from associate companies, and a non‑recurring gain of about HK$900 million from a supplier settlement agreement.

Cathay Pacific reported a profit of HK$9.89 billion in 2024.

The guidance was helped by increased capacity, strong passenger load factors, and cargo demand, it said. However, the overall result is expected to be partly weighed down by continued losses at its budget unit HK Express, mainly due to the fall in travel demand to Japan, it added.

Cathay said it sees the outlook for Christmas travel as strong, while demand for the Lunar New Year holiday is promising.

 

Write to Kimberley Kao at kimberley.kao@wsj.com

 

(END) Dow Jones Newswires

December 22, 2025 22:31 ET (03:31 GMT)

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