Core Insights - Cathay Pacific Group and Airbus have announced a joint investment agreement to support sustainable aviation fuel (SAF) projects, committing up to $70 million (approximately HKD 545 million) for development in Asia and globally [1][7]. Industry Trends - Major airlines are increasingly investing in the upstream SAF industry to address the financial challenges of achieving net-zero emissions, with initiatives like "green ticket pricing" being introduced [2][4]. - The International Air Transport Association (IATA) predicts that SAF will contribute over 65% of the aviation industry's emissions reductions by 2050, with a demand forecast of 35.8 million tons [4]. Financial Challenges - The aviation industry faces a significant gap between current profit margins and the costs associated with transitioning to net-zero emissions, with estimated annual costs of $174 billion compared to projected net profits of $36 billion [4][6]. - The supply of SAF is expected to fall short of demand, with a projected supply gap of 45% by 2030 due to economic uncertainties and capital-intensive production processes [4][8]. Consumer Engagement - Airlines are launching sustainable flight programs to encourage passengers and corporate clients to pay for SAF or carbon offset credits, with Cathay Pacific's additional charge for 100% SAF contribution on a round trip from Hong Kong to Beijing estimated at HKD 1,578.78 [5][6]. - The willingness of corporate clients with ESG commitments to pay for "green flights" is stronger compared to individual travelers, indicating a potential market for SAF initiatives [6][8]. Government Initiatives - Local governments in regions like Hong Kong, Sichuan, and Shanghai are actively working to establish SAF supply chains, with Hong Kong aiming to develop a local SAF industry and enhance its competitive edge [9][10]. - The Singapore government is exploring a sustainable aviation fuel tax to fund SAF procurement, which could serve as a model for other regions [6][7]. Market Opportunities - The strong raw material advantages in the Chinese mainland market are creating more opportunities for SAF development, with various projects underway to establish a comprehensive SAF industry chain [11].

Core Viewpoint - Cathay Pacific Airways is negotiating a significant aircraft order as part of a broader investment plan exceeding HKD 100 billion (approximately CNY 91.52 billion) to strengthen Hong Kong's position as an international aviation hub [1][2]. Group 1: Aircraft Order and Investment Strategy - The company is in discussions with shareholders regarding a major aircraft order to be announced in 2024, focusing on single-aisle jets, regional wide-body aircraft, and freighters to support business expansion over the next decade [1][2]. - The planned aircraft order is part of a strategic investment to enhance service levels and operational capabilities, reflecting the company's commitment to the tourism industry [2]. - Cathay Pacific has already committed to purchasing 30 Airbus A330-900 aircraft with an option for an additional 30, and plans to receive over 100 new generation aircraft in total, including options for more than 80 additional units [3]. Group 2: Market Position and Operational Capacity - Cathay Pacific is the largest and oldest airline group in Hong Kong, holding over 50% of the local market share, primarily serving cross-border travel [2]. - The airline operates nearly 300 round-trip flights weekly, covering over 20 cities in mainland China, and has a historical peak of operating 239 aircraft across 119 destinations [4][5]. - The expansion of the fleet is expected to enhance the connectivity between Hong Kong and major global cities, reinforcing its dominant position in the Asian aviation market [1][2]. Group 3: Financial Performance and Future Outlook - The company reported a net profit of HKD 97.9 billion (approximately CNY 89.6 billion) in 2023, with projections of HKD 98.88 billion (approximately CNY 90.49 billion) for 2024 [5]. - The completion of the three-runway system at Hong Kong International Airport is anticipated to increase overall capacity by 50%, allowing for an annual handling of 120 million passengers and 10 million tons of cargo, presenting a significant opportunity for the airline [5]. - The strategic fleet expansion aligns with Hong Kong's tourism development framework, aiming to enhance the city's international appeal and accessibility [3][5].

Core Insights - Cathay Group reported a year-on-year increase in passenger and cargo traffic for September 2025, despite the end of the summer peak season, and announced several route expansion plans [1][2] Passenger Traffic - The group carried over 2.7 million passengers in September, a 20% increase compared to the same month in 2024 [1] - Cathay Pacific's passenger volume reached approximately 2.198 million, up 21% year-on-year, with available seat kilometers increasing by 20% [1] - Cumulative passenger volume for the first nine months of 2025 showed a year-on-year growth of 27% [1] - Hong Kong Express carried 529,200 passengers in September, marking a 16.3% increase, with a cumulative growth of 30.6% for the first nine months [1] - Factors driving demand included a peak in student travel, increased transit passengers to Japan, and events in Hong Kong such as exhibitions and fashion weeks [1] Cargo Traffic - Cathay Cargo reported a cargo volume of 134,900 tons in September, a 1.4% year-on-year increase, with available cargo ton kilometers rising by 3.6% [1] - Cumulative cargo volume for the first nine months of 2025 increased by 10.2% year-on-year [1] - Despite a monthly decline in cargo volume due to typhoon impacts, demand for special and hazardous goods transportation saw double-digit growth driven by machinery transport in Northeast Asia and new technology product exports from Mainland China and Southeast Asia [1] Route Expansion - Cathay Pacific will launch a direct flight service from Hong Kong to Changsha on November 4, increasing the number of mainland destinations to 24 [2] - The winter schedule will see increased frequencies on routes to Beijing, Guangzhou, Chengdu, and Shanghai, with over 330 round-trip flights weekly between Hong Kong and the mainland [2] - A seasonal cargo flight to Madrid will be added to meet traditional peak demand [2] Future Outlook - The company anticipates continued growth in passenger demand as the Christmas and New Year holidays approach, with plans to increase flights and destinations [2] - Cargo demand is expected to remain stable following the National Day holiday [2]

Core Insights - Cathay Pacific Group reported a 27% year-on-year increase in passenger volume for the first nine months of 2025 [1] - Cargo volume for Cathay Pacific increased by 10% year-on-year during the same period [1] Passenger and Cargo Traffic Summary - In September, Cathay Pacific and Hong Kong Express together transported over 2.7 million passengers, marking a 20% increase compared to the previous year [1] - Cathay Pacific alone carried approximately 2.198 million passengers in September, reflecting a 21% year-on-year growth [1] - The cargo division saw a slight increase in September, with over 130,000 tons of cargo transported, slightly above the same month last year [1] Future Outlook - The increase in passenger volume is attributed to the peak travel season for students following the summer holiday [1] - Strong performance was noted in routes from mainland China to Hong Kong and Southeast Asia ahead of the National Day and Mid-Autumn Festival holidays [1] - Looking ahead, travel demand is expected to continue growing as the New Year holiday approaches [1] Route Expansion - Starting November 4, Cathay Pacific will launch direct passenger services between Hong Kong and Changsha, increasing the number of mainland destinations to 24 [1] - The airline plans to increase flight frequencies on routes from Hong Kong to Beijing, Guangzhou, Chengdu, and Shanghai during the winter season, with over 330 round-trip flights to mainland China each week [1]

Core Viewpoint - Cathay Pacific Airways (00293.HK) announced a significant increase in passenger and cargo metrics for 2025 compared to 2024, indicating strong growth in operational capacity and demand [1] Passenger Metrics - The passenger load factor for September 2025 is expected to increase by 21% compared to September 2024 [1] - Available seat kilometers (ASK) are projected to rise by 20% year-on-year [1] - For the first nine months of 2025, passenger load is anticipated to grow by 27% compared to the same period in 2024 [1] Cargo Metrics - Cargo volume in September 2025 is expected to increase by 1% compared to September 2024 [1] - Available cargo ton kilometers (ACTK) are projected to increase by 4% year-on-year [1] - For the first nine months of 2025, cargo volume is expected to rise by 10% compared to the same period last year [1]

Group 1 - The core viewpoint of the article highlights that Cathay Pacific Airways reported an increase in passenger and cargo traffic for September 2025 compared to the same period last year, despite the typical seasonal decline in demand after the summer travel peak [1] - In September, Cathay Pacific and Hong Kong Express carried over 2.7 million passengers, representing a 20% increase compared to September 2024 [1] - The cargo volume for Cathay Pacific in September exceeded 130,000 tons, slightly higher than the same month last year, indicating a positive trend as the traditional peak season for air cargo approaches [1] Group 2 - Starting from November 4, 2025, Cathay Pacific will launch direct passenger services between Hong Kong and Changsha, increasing its mainland China destinations to 24 [1] - The airline plans to increase flight frequencies to Beijing, Guangzhou, Chengdu, and Shanghai during the winter season, with over 330 round-trip flights between Hong Kong and mainland China each week [1]

Group 1 - Cathay Pacific's passenger capacity in September 2025 increased by 21% compared to September 2024, with available seat kilometers rising by 20% [1] - In the first nine months of 2025, Cathay Pacific's passenger volume increased by 27% compared to the same period in 2024 [1] - Cathay Pacific's cargo volume in September 2025 increased by 1% year-on-year, with available cargo ton kilometers up by 4% [1] Group 2 - In the first nine months of 2025, Cathay Pacific's cargo volume increased by 10% compared to the same period last year [1] - Hong Kong Express recorded a passenger volume of nearly 530,000 in September 2025, a 16% increase from September 2024, with available seat kilometers increasing by 11% [1] - In the first nine months of 2025, Hong Kong Express's passenger volume increased by 31% compared to the same period in 2024 [1]

Group 1 - Cathay Pacific's passenger capacity in September 2025 is expected to increase by 21% compared to September 2024 [1] - Available seat kilometers are projected to rise by 20% year-on-year [1] - For the first nine months of 2025, passenger capacity is anticipated to grow by 27% compared to the same period in 2024 [1] Group 2 - Cathay Cargo's cargo volume in September 2025 is expected to increase by 1% compared to September 2024 [1] - Available cargo ton kilometers are projected to rise by 4% year-on-year [1] - For the first nine months of 2025, cargo volume is anticipated to grow by 10% compared to the same period last year [1] Group 3 - Hong Kong Express's passenger volume in September 2025 is expected to approach 530,000, representing a 16% increase compared to September 2024 [1] - Available seat kilometers for Hong Kong Express are projected to increase by 11% year-on-year [1] - For the first nine months of 2025, passenger volume is anticipated to grow by 31% compared to the same period in 2024 [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分 內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CATHAY PACIFIC AIRWAYS LIMITED 國泰航空有限公司 (於香港註冊成立的有限公司) (股份代號：293) 二零二五年九月份客、貨運量數據 附上的新聞稿載列國泰航空有限公司（「公司」，連同其附屬公司，統稱「國泰集 團」或「集團」）的二零二五年九月份客、貨運量數據。新聞稿載列的資料可能為 股價敏感資料。因此，本公告附上新聞稿乃按《證券及期貨條例》第 XIVA 部發 出。新聞稿載列的資料乃在內部管理記錄的基礎上編制，未經外聘核數師審核或審 閱。 本公告乃公司根據《證券及期貨條例》第 XIVA 部發出。 本公告載列的資料乃在內部管理記錄的基礎上編制，未經外聘核數師審核或審閱。 投資者在買賣公司股票時務必審慎行事。 於本公告所載日期，公司的在任董事如下： 常務董事： 賀以禮（主席）、林紹波、劉凱詩、麥皓雲、沈碧嘉； 非常務董事： 馬崇賢（副主席）、白德利、麥廣能、孫玉權、施銘倫、 鄧健榮 ...

Group 1 - The core point of the articles highlights the significant sales performance during the "Double 11" shopping festival, with many brands achieving transaction amounts exceeding 100 million yuan within the first 24 hours [1][2] - Major brands such as Marriott International, Chime Long Tourist Resort, All Nippon Airways, Wanda Hotels and Resorts, China Southern Airlines, and Shanghai Disneyland have seen their sales figures double compared to last year [1] - The outbound travel segment has shown remarkable growth, with destinations like Singapore, Italy, Switzerland, and Finland recording sales that have surpassed the total sales of last year's "Double 11" [1] Group 2 - Emerging destinations have gained popularity among consumers, with domestic locations like Xinjiang, Shanxi, and Guizhou recording over 500% growth in transaction amounts compared to last year [2] - Internationally, Nordic destinations such as Denmark, Finland, and Norway have seen transaction amounts increase by over 1000% year-on-year, indicating a trend towards deeper travel experiences [2] - New travel products debuted during the "Double 11" event have performed well, including offerings from Shanghai LEGO Resort and Disney Cruise Line, which have achieved record sales [2]