Cathay Pacific Airways (SEHK:00293) H2 2025 Earnings call March 11, 2026 09:00 AM ET Company ParticipantsPerry Yeung - DirectorRonald Lam - CEOPerry YeungThank you very much. This is Perry from UBS. Congratulations for the first strong result for three years in a row. I got two questions. First related to your passenger capacity. You've been saying, we are going to grow 10% this year. In terms of the fleet, we are probably growing at 4% in terms of your passenger aircraft. I'm curious in terms of the growth ...

Cathay Pacific Airways (SEHK:00293) H2 2025 Earnings call March 11, 2026 09:00 AM ET Company ParticipantsPerry Yeung - DirectorRonald Lam - CEOPerry YeungThank you very much. This is Perry from UBS. Congratulations for the first strong result for three years in a row. I got two questions. First related to your passenger capacity. You've been saying, "We are going to grow 10% this year." In terms of the fleet, we are probably growing at 4% in terms of your passenger aircraft. I'm curious in terms of the grow ...

Cathay Pacific Airways (SEHK:00293) H2 2025 Earnings call March 11, 2026 08:00 AM ET Company ParticipantsAndy Wong - General Manager of Corporate AffairsRebecca Sharpe - CFORonald Lam - CEOAndy WongAfternoon. Welcome to Cathay Group's 2025 annual results analyst briefing. My name is Andy Wong, General Manager, Corporate Affairs for Cathay. Whether you're attending here in person or online, it is a pleasure to see you all and thank you for joining us. Introducing our speakers for today, Chief Executive Offic ...

2 Agenda Ronald Lam Chief Executive Officer Rebecca Sharpe 2025 ANNUAL RESULTS | ANALYST BRIEFING 11 MARCH 2026 Disclaimer This document has been prepared by Cathay Pacific Airways Limited (the "Company", and together with its subsidiaries, the "Group") solely for information purposes and certain information has not been independently verified. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the accuracy, fairness, completeness, reasonableness or correc ...

2026.03. 11 本文字数：1330，阅读时长大约2分钟 林绍波指出，中东局势还在影响公司的航线网络调整。此前国泰各有每天一班香港飞迪拜和利雅得，目前这两条航线已暂停到3月底，公司也会把运力 投入到其他地区，特别是欧洲，比如3月会增加到伦敦的航班频次，飞苏黎世的航线也会安排更大的飞机执飞。 增加欧洲的运力投入与旅客的飞行线路转向有关。国泰集团顾客及商务总裁刘凯在业绩会上提到，目前国泰飞欧洲的航班基本满员，特别是经济舱，因 为不少从中东转机去欧洲的旅客改道从香港转机去欧洲。此外，此前印度去北美也会依赖中东中转，现在乘客也在寻求其他通道比如香港中转去北美。 作者 | 第一财经 陈姗姗 封图 | AI生成 国泰航空（00293.HK）今日发布2025年全年业绩，公司净利润108.28亿港元，同比上升9.5%。 虽然内地的上市航司尚未披露2025年业绩，但从多家发布的业绩预告来看，国泰航空依然是最赚钱的中国航司。公司披露将以酌情花红及利润分享的 形式，向员工发放总数逾 11 星期的合资格工资。 在下午举行的线上业绩说明会上，国泰集团主席贺以礼将业绩的增长归因于运力增加、客运量稳定及货运需求强劲。不过他也提到，目 ...

Core Viewpoint - Cathay Pacific has reported strong profitability despite potential disruptions from the Middle East conflict, with expectations for double-digit growth in passenger capacity. Financial Performance - The company reported a net profit of HKD 10.83 billion (approximately USD 1.38 billion), a year-on-year increase of 9.5%, primarily due to a non-recurring gain of approximately HKD 878 million from a supplier settlement [1][6] - Annual revenue increased by 12% to HKD 116.77 billion, exceeding analyst expectations of HKD 9.32 billion in net profit and HKD 113.96 billion in revenue [5][1] - The second half of the year saw a strong net profit performance, growing 14% to HKD 7.18 billion, nearly doubling compared to the first half [2][7] Passenger and Cargo Metrics - Annual passenger revenue grew by 16%, with the passenger load factor increasing from 83.2% to 85.2% [3][8] - The company anticipates a 10% increase in passenger capacity by 2026, driven by increased flight frequencies and new destinations [9] Operational Outlook - Cathay Pacific plans to receive eight new narrow-body aircraft this year, although supply chain disruptions and cost inflation are expected to impact the delivery of new aircraft, cabin products, and components [9] - In response to rising fuel costs, the company will hedge part of its expected fuel consumption to mitigate exposure to short-term price fluctuations [9] - The chairman noted that the current global geopolitical environment is causing unexpected volatility in passenger and cargo traffic, as well as aviation fuel prices [9]

该行该行料国泰2025下半年经营利润同比增长18%，净利润则大致持平，因客运及货运需求韧性被香港 快运亏损，以及一笔单次性9亿港元供应商和解收益所抵消。 该行认为两间公司短期内可受票价高企及货运收益率上升支持，另一方面却被油价走势所抵消。虽然其 燃油对冲提供短期缓冲，但仍低于欧洲同业水平，在波动的燃油环境中限制了利润率保障。 智通财经APP获悉，摩根大通发布研报称，国泰航空(00293)将于今日(11日)公布去年业绩。维持对国泰 及新航的"增持"评级，目标价分别18港元及8.4坡元。伊朗冲突影响全球航空业，令旅客及托运人改为 转经新加坡、中国香港及其他亚洲枢纽。该行指国泰及新加坡航空股价均下跌，但两间航空公司可跑赢 其他全球同业，因其有强劲资产负债表、审慎燃油对冲、灵活航线网络，以及对关键航道的独特准入 权。 ...

该行该行料国泰2025下半年经营利润同比增长18%，净利润则大致持平，因客运及货运需求韧性被香港 快运亏损，以及一笔单次性9亿港元供应商和解收益所抵消。 摩根大通发布研报称，国泰航空(00293)将于今日(11日)公布去年业绩。维持对国泰及新航的"增持"评 级，目标价分别18港元及8.4坡元。伊朗冲突影响全球航空业，令旅客及托运人改为转经新加坡、中国 香港及其他亚洲枢纽。该行指国泰及新加坡航空股价均下跌，但两间航空公司可跑赢其他全球同业，因 其有强劲资产负债表、审慎燃油对冲、灵活航线网络，以及对关键航道的独特准入权。 该行认为两间公司短期内可受票价高企及货运收益率上升支持，另一方面却被油价走势所抵消。虽然其 燃油对冲提供短期缓冲，但仍低于欧洲同业水平，在波动的燃油环境中限制了利润率保障。 ...

Core Viewpoint - Cathay Pacific Airways reported a strong financial performance for the year 2025, with significant growth in revenue and profit, leading to an increase in dividends for shareholders [1] Financial Performance - The company achieved a revenue of HKD 116.766 billion, representing a year-on-year increase of 11.88% [1] - Shareholders' profit attributable to Cathay Pacific amounted to HKD 10.828 billion, reflecting a year-on-year growth of 9.51% [1] - Basic earnings per share were reported at HKD 1.655 [1] Dividend Distribution - The company proposed a second interim dividend of HKD 0.64 per ordinary share for the year ending December 31, 2025, an increase of 30.6% from HKD 0.49 in the same period last year [1] - The total annual dividend per share is set at HKD 0.84, which is a year-on-year increase of 21.7% [1]

消息面上，国泰航空午间发布2025年全年业绩，该集团取得收益1167.66亿港元，同比增长11.88%；国 泰集团股东应占溢利108.28亿港元，同比增长9.51%；每股基本盈利165.5港仙。拟派发截至2025年12月 31日止年度第二次中期股息每股普通股0.64港元。此外，第二次中期息增至0.64港元，上年同期派0.49 港元，同比增长30.6%。全年每股股息0.84港元，同比增21.7%。 智通财经APP获悉，国泰航空(00293)午后一度涨近6%，截至发稿，涨4.99%，报13.25港元，成交额1.7 亿港元。 ...