Core Insights - Cathay Pacific has launched a flagship lounge at Beijing Capital International Airport as part of its global upgrade plan, which involves an investment of over HKD 100 billion [2][3] - The upgrade is driven by the rapid recovery of international traffic at Beijing Capital International Airport, with passenger numbers expected to exceed 17 million this year, marking a 21% increase from 2024 [5][6] - The airline is focusing on enhancing its presence in mainland China, operating 23 routes with over 300 weekly flights between Hong Kong and mainland cities [3][7] Investment and Expansion Plans - Cathay Pacific plans to invest over HKD 100 billion in fleet renewal, cabin product upgrades, and global lounge network renovations, with HKD 15 billion allocated for lounge upgrades at 12 key hubs [3] - The company aims to increase its mainland workforce from approximately 3,000 to 4,000 by the end of 2025, expanding its IT teams in Guangzhou and Shenzhen [3] Market Recovery and Demand - The first half of 2025 saw a 12.7% year-on-year increase in passenger service revenue, reaching HKD 37.212 billion, with passenger numbers growing by 27.8% to 13.627 million [3] - Business travel demand is recovering, with a notable increase in premium cabin bookings as leisure travelers upgrade their travel classes [7] Operational Enhancements - Cathay Pacific is actively expanding its network, with plans to add 19 new passenger routes in 2025, including four in mainland China [7] - The airline's Urumqi route has exceeded expectations, with a seat occupancy rate of over 90% [7] Airport Developments - Beijing Capital International Airport is enhancing its international services, with a projected increase in international and regional routes to over 100 by the end of 2025 [6]