Core Viewpoint - Cathay Pacific announced a significant increase in passenger volume and available seat kilometers for February 2026 compared to the same month in 2025, indicating a strong recovery in demand for air travel [1] Group 1: Passenger Volume - The passenger volume for February 2026 is projected to increase by 24% compared to February 2025 [1] - In the first two months of 2026, the passenger volume has increased by 17% compared to the same period in 2025 [1] Group 2: Available Seat Kilometers - The available seat kilometers for February 2026 are expected to rise by 16% year-on-year [1]

Group 1 - Cathay Pacific's passenger capacity in February 2026 increased by 24% compared to February 2025, with available seat kilometers rising by 16% year-on-year [1] - In the first two months of 2026, Cathay Pacific's passenger volume increased by 17% compared to the same period in 2025 [1] - Cathay Cargo's cargo volume in February 2026 increased by 7% compared to February 2025, with available cargo ton kilometers increasing by 4% year-on-year [1] Group 2 - In February 2026, Hong Kong Express recorded a passenger volume exceeding 730,000, which is a 25% increase compared to February 2025, with available seat kilometers increasing by 14% [1] - In the first two months of 2026, Hong Kong Express's passenger volume increased by 16% compared to the same period in 2025 [1]

Core Insights - Cathay Pacific Airways reported encouraging performance in January and February 2026, driven by the Lunar New Year travel peak, with a record single-day passenger count of approximately 128,000 on February 14 [1] - The airline and Hong Kong Express carried over 3.2 million passengers in February, representing a 24% increase compared to the same month last year [1] - The geopolitical situation in the Middle East has led to unexpected changes in passenger and cargo flows, prompting the airline to suspend flights to Dubai and Riyadh until April 30, 2026 [1] Passenger Traffic - In February 2026, Cathay Pacific's passenger volume increased by 24% compared to February 2025, with available seat kilometers rising by 16% year-on-year [1] - For the first two months of 2026, passenger volume increased by 17% compared to the same period in 2025 [1] - Hong Kong Express recorded over 730,000 passengers in February 2026, a 25% increase from February 2025, with available seat kilometers increasing by 14% [2] - For the first two months of 2026, Hong Kong Express's passenger volume increased by 16% compared to the same period last year [2] Cargo Traffic - Cathay Pacific's cargo volume in February 2026 increased by 7% compared to February 2025, with available cargo ton kilometers rising by 4% year-on-year [2] - For the first two months of 2026, cargo volume increased by 6% compared to the same period last year [2]

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： 劉鐵祥（副主席）、白德利、麥廣能、孫玉權、施銘倫、 鄧健榮、王明遠、肖烽； 獨立非常務董事： 陳智思、鄭嘉麗、馬焜圖及王小彬。 承董事局命 CATHAY PACIFIC AIRWAYS LIMITED 國泰航空有限公司 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) 二零二六年二月份客、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」）的二零二六年二月份客、貨運量數據。新聞稿載列的資料可能 ...

Core Insights - Cathay Pacific Group reported a net profit of HKD 10.83 billion for the year 2025, marking a 9.5% year-on-year increase, and achieving a cumulative profit exceeding HKD 30 billion over three years, positioning it as the leading profitable airline in China [2][3] - The company emphasizes a cautious approach rather than aggressive expansion, focusing on enhancing cost efficiency and organizational resilience to prepare for future uncertainties [3][4] Financial Performance - The net profits for the previous two years were HKD 9.789 billion in 2023 and HKD 9.888 billion in 2024, indicating a consistent upward trend in profitability [2] - Cumulative profits over the three years have successfully offset losses incurred during the pandemic [2] Strategic Focus - The company is prioritizing organizational efficiency and process optimization to enhance operational resilience rather than pursuing blind expansion during favorable market conditions [3][4] - Cathay Pacific plans to invest over HKD 100 billion in fleet renewal, service upgrades, and digital innovation, while continuing to recruit talent in key operational areas [4][5] Market Positioning - The mainland China market has become a crucial growth engine for Cathay Pacific, with the addition of five new routes in 2025, bringing the total to 24 destinations in mainland China [5][6] - The establishment of a "Mainland China Director" position signals the strategic importance of the mainland market in Cathay's future growth plans [6][9] Organizational Changes - The company is extending some headquarters functions to the Greater Bay Area to be closer to market dynamics and is enhancing local talent recruitment and training [9][12] - This shift indicates a deeper integration into the mainland market, moving beyond mere route expansion to embedding operations and decision-making closer to the market [9][12] Customer Experience and Service Differentiation - Cathay Pacific is focusing on enhancing customer experience rather than competing solely on price, investing in inflight dining, entertainment, and cabin experience [12][17] - The company has seen a 35.8% year-on-year increase in "inflight services and passenger spending," reflecting its strategy to concentrate resources on areas that create brand value [17] Cultural Integration - The workforce has grown to over 33,000 employees, with 4,000 based in mainland China, including 800 cabin crew fluent in Mandarin, showcasing the company's commitment to localization [18][20] - Cathay Pacific is investing in talent development, planning to recruit around 3,000 employees globally in 2026, with a focus on understanding local customer needs [18][20] Future Outlook - The company recognizes that sustainable growth must be built on efficient organization, robust cost structures, deep localization, and clear differentiation [24] - Cathay Pacific's current adjustments are aimed at ensuring long-term stability and resilience in a volatile industry, rather than merely seeking rapid growth [24]

Group 1 - The aviation stocks experienced a collective rebound in early trading, with Eastern Airlines (00670) rising by 3.13% to HKD 4.28 [1] - Cathay Pacific (00293) increased by 2.08%, reaching HKD 12.77 [1] - China Southern Airlines (01055) saw a rise of 1.94%, trading at HKD 4.73 [1] - Air China (00753) rose by 1.85%, with a price of HKD 5.51 [1]

Core Viewpoint - UBS reports that Swire Pacific (00019) will sell its stake in Cathay Pacific (00293) through a placement at HKD 11.74 per share, raising HKD 1.789 billion. This sale is due to Cathay Pacific's repurchase of Qatar Airways' previous 9.6% stake, restoring its shareholding closer to historical levels. After the sale, Swire's actual holding in Cathay Pacific is expected to decrease to 45.12% [1] Group 1 - Swire Pacific's sale of Cathay Pacific shares is expected to increase its market value by approximately 0.7% [1] - The company's consolidated net debt ratio may improve from 20.6% at the end of last year to 20% [1] - The sale is considered similar to the recent share sale by another strategic shareholder, China National Aviation (601111) (00753) [1] Group 2 - Swire Pacific remains confident in its aviation business despite the share sale [1]

智通财经APP获悉，瑞银发布研报称，太古A(00019)宣布将透过配售方式，以每股11.74港元出售其持有 的国泰航空(00293)股权，销售所得17.89亿港元。太古表示，配售股份是因为国泰航空回购卡塔尔航空 先前持有的9.6%股权后，将其持股比例恢复至更接近历史水平。出售后太古在国泰航空实际持股比例 料降至45.12%。 瑞银估计有关出售将使太古市值增加约0.7%，公司综合净负债比率亦可能从去年底20.6%改善至20%。 该行认为出售与另一间战略股东中国国航(00753)上月出售国泰航空股份情况类似，且太古对其航空业 务仍充满信心。 ...

Seeking Alpha's transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team ...

作者｜黄楠 编辑｜袁斯来 国泰航空（00293.HK）近日公布2025年全年业绩。财报数据显示，国泰集团2025年实现收益1167.66亿港元，同比增长11.9%；集团应占溢利108亿港元，同 比增长9.1%。这是国泰连续第三年录得盈利，三年累计盈利超过300亿港元，已覆盖疫情期间的累计亏损。 业绩主要受客运运力持续恢复和载客率维持高位驱动。官方数据显示，2025年国泰航空及香港快运合计载客达3600万人次，同比增长27%。但客运收益率随 市场供应增加而正常化，部分抵销了收入增幅。 运力扩张仍在继续。2025年国泰集团新增20个航点，其中国泰航空新增长沙、乌鲁木齐等5个内地航点， 当前国泰占香港机场超过50%的份额，国泰集团行政总裁林绍波表示，国泰将继续平衡发展国际网络与内地连接，目前集团国际航点超过80个，内地航点24 个、是往来香港与内地航线最多的非内地航司。这一结构将保持动态优化。 2026年国泰集团计划再增约10%的客运运力，主要通过加密现有航线实现。 国泰集团主席贺以礼表示，过去数年集团已订购逾100架新飞机，涵盖窄体机、区域宽体机、长途宽体机及大型货机，包括波音777-9、空客A330-900及 ...