Cathay Pacific posts 9.5% rise in annual profit on strong passenger and cargo demand

Core Insights - Cathay Pacific Airways reported a 9.5% increase in full-year profit, attributed to strong passenger growth, increased capacity, and stable cargo performance [1]. Financial Performance - The airline's net profit reached HK$10.83 billion (approximately $1.38 billion) for the year ending December 31, surpassing LSEG SmartEstimate's forecast of HK$10.05 billion and exceeding the previous year's profit of HK$9.89 billion [2].