Group 1 - Cathay Group reported a strong start in January 2026, with over 3.3 million passengers carried by Cathay Pacific and HK Express, an 11% increase compared to January 2025 [1] - Cathay Cargo's freight volume exceeded 130,000 tons in January 2026, reflecting a 5% year-on-year growth [1] - On February 14, 2026, Cathay Pacific achieved a historic milestone with a single-day passenger count surpassing 100,000, carrying 100,747 passengers [1] Group 2 - HK Express carried over 710,000 passengers in January 2026, an 8% increase from January 2025, with available seat kilometers rising by 13% [2] - On February 20, 2026, HK Express set a new record by carrying over 30,000 passengers in a single day [2]

Core Viewpoint - Cathay Pacific Airways is experiencing a significant increase in passenger and cargo volumes for January 2026 compared to January 2025, driven by strong demand from overseas students and holiday travelers [1] Passenger Business - Cathay Pacific's passenger capacity is expected to increase by 11% year-on-year in January 2026, with available seat kilometers rising by 14% [1] - The demand for passenger travel remains robust, particularly due to the return of travelers after the year-end holidays and a notable recovery in business travel, with front cabin load factors performing better than in January 2025 [1] - The airline is seeing a significant increase in transfer passenger traffic as flight frequencies are increased, reinforcing Hong Kong's position as an international aviation hub [1] - There is a strong demand for leisure travel during the Lunar New Year holiday, and expectations for overall travel demand remain high leading into the Easter holiday [1] Cargo Business - Cathay Pacific's cargo volume is projected to increase by 5% year-on-year in January 2026, with available cargo ton kilometers rising by 3% [1] - The cargo business started the year relatively slowly after a peak in the previous year but continues to show year-on-year growth [1] - Specific cargo solutions, such as the transport of cherries and seafood from Oceania and pharmaceuticals from Europe and Central America, are driving demand for specialized cargo services [1] - The airline is also involved in transporting elite horses for the Longines Hong Kong International Horse Show, showcasing its expertise in animal transport [1] - Market demand is expected to gradually recover after a slowdown during the Lunar New Year holiday period [1] Hong Kong Express - Hong Kong Express recorded over 710,000 passengers in January 2026, an 8% increase compared to January 2025, with available seat kilometers increasing by 13% [1] - The growth in passenger numbers is primarily supported by strong load factors on routes to South Korea and Thailand [1] - The airline achieved a new record on February 20, carrying over 30,000 passengers in a single day [1]

Group 1 - Cathay Pacific and Hong Kong Express carried approximately 2.9 million passengers in June 2025, a 23.3% increase compared to June 2024 [1] - Cargo volume for Cathay Pacific exceeded 130,000 metric tons in June 2025, reflecting a 6.3% year-on-year increase [1] - The passenger load factor reached 93.4% on June 28, 2025, marking a record high since the pandemic [1] Group 2 - Cathay Pacific has expanded its global route network by adding five new destinations in June 2025, totaling 19 new passenger routes since the beginning of the year [1] - The available seat kilometers increased by 26.2% year-on-year in June 2025 [1] - Hong Kong Express recorded over 580,000 passengers in June 2025, a 16.5% increase compared to June 2024 [2] Group 3 - Demand for long-haul routes is expected to remain strong during the summer, driven by returning students from the UK and the US [2] - Cargo operations saw an 11.3% increase in volume in the first half of 2025 compared to the same period in 2024 [2] - Hong Kong Express plans to introduce new routes to Guiyang and Kuala Lumpur in late July and early August, and to Kota Kinabalu in November [3]