同时，国泰货运于 2026年1月的载货量较2025年同月增加5%，可用货物吨公里数按年增加 3%。据悉， 从大洋洲运往香港及亚洲其他主要城市的车厘子及海鲜显著推动"国泰—鲜货运送"的需求；而由欧洲及 中美洲出口的医药品增加带动"国泰—医药品运送"方案持续增长。国泰货运作为香港国际马术盛典的创 办伙伴，由欧洲运送了约60匹场地障碍赛精英骏马飞抵香港，充分展现在动物运送方面的专业能力。 此外，香港快运于2026年1月的载客量超71万人次，较 2025 年同月增加8%，可用座位公里数则增加 13%。其中，2月20日香港快运刷新一项新记录，首次单日接载超过30000名旅客。（编辑：许浩存 校 对：陈虹莹 审核：程凌） 《中国民航报》、中国民航网 记者郭瑛 报道:记者从国泰集团2月27日公布的2026年1月份客、货运量数 据获悉，国泰航空和香港快运于1月合共接载超过330万人次，较2025年同月上升11%。同时，国泰货运 1月份的载货量逾13万吨，按年增长5%。 国泰顾客及商务总裁刘凯诗表示："国泰集团于2026年取得稳健开局，去年年末外游高峰的强健势头延 续至今年1月初，并于2月份持续向好。2026年2月14日，国泰 ...

香港快运于2026年1月的载客量超71万人次，较2025年同月增加8%，可用座位公里数则增加13%。刘凯 诗表示："香港快运在1月继续录得载客量增长，主要受韩国及泰国航线稳健载客率支持。展望2月及3 月，前往内地及东南亚的旅游需求有强健增长，预订情况理想。在2月20日，香港快运达成一项新记 录，首次单日接载超过30,000名乘客。" 格隆汇2月24日丨国泰航空(00293.HK)发布公告，国泰航空于2026年1月份的载客量，较2025年同月增加 11%。可用座位公里数按年增加14%。刘凯诗表示："客运业务受惠海外留学生客流，以及年末假期后 返程旅客带动，需求在1月上旬保持稳健。商务出行需求随后亦显着回升，前舱载客率较2025年1月表现 更理想。与此同时，随着我们持续增加航班班次，转机客流亦录得显着增长，进一步巩固香港国际航空 枢纽的连通优势。"不少亚洲各地的旅客选择于农历新年长假期间出行，我们留意到休闲旅游表现活 跃。展望复活节假期，整体出行需求仍然殷切，我们预期航班订座率将会随出发日期临近而进一步攀 升。" 国泰货运于2026年1月的载货量较2025年同月增加5%，可用货物吨公里数按年增加3%。刘凯诗表 示 ...

《中国民航报》、中国民航网 记者郭瑛 报道：1月22日，国泰集团公布2025年12月份客、货运量数据。 2025年，国泰航空和香港快运合共接载乘客逾3,600万人次，年增长27%，国泰货运全年载货量超过160 万吨，较2024年增长超过9%。 据悉，国泰航空2025年12月载客量较2024年同月增加22%，可用座位公里数按年增加23%。刘凯诗表 示："在12月初，从北美、大洋洲和英国返港的留学生，以及回港探访亲友的顾客，带来稳定的入境客 流。继后的年末假期，访港旅客有所增加，主要来自东北亚、泰国及印度。出境客流方面，休闲旅游需 求在节日高峰期增长显著，以东北亚及东南亚地区较受欢迎。此外，中国内地亦跃升为热门旅游目的 地，不少香港旅客亦趁年末假期出行，前往集团多个内地航点。 此外，国泰货运于2025年12月的载货量较2024年同月增加6%，可用货物吨公里数按年增加8%。2025年 全年载货量较2024年增加超过9%。刘凯诗表示："由于节日临近，12月的载货量虽略有回落，惟仍保持 强健，仅较11月微跌3%。'国泰—鲜货运送'需求殷切，很多来自美洲的时令农产品透过'空 陆鲜活产品 专属快线'运往大湾区内其他市场；从 ...

Core Viewpoint - Cathay Pacific is experiencing significant growth in passenger and cargo volumes, with projections indicating a strong demand for travel and freight services in 2025, driven by increased capacity and a robust recovery in travel demand post-pandemic [1][2]. Passenger Capacity and Growth - Cathay Pacific's passenger capacity in December 2025 is expected to increase by 22% compared to December 2024, with available seat kilometers rising by 23% [1] - The total passenger volume for 2025 is projected to grow by 27% year-on-year, exceeding 36 million passengers [1] - Hong Kong Express is also seeing growth, with December 2025 passenger numbers expected to exceed 780,000, a 24% increase from December 2024, and an overall annual increase of 30% [1] Cargo Volume and Performance - Cathay Pacific's cargo volume in December 2025 is anticipated to rise by 6% compared to December 2024, with available cargo ton kilometers increasing by 8% [1] - The total cargo volume for 2025 is expected to exceed 1.6 million tons, reflecting a growth of over 9% from 2024 [1] Market Demand and Trends - The demand for inbound travelers is stable, particularly from students returning from North America, Oceania, and the UK, as well as visitors from Northeast Asia, Thailand, and India during the holiday season [1] - Outbound travel demand is notably strong during the holiday peak, especially to Northeast and Southeast Asia, with mainland China emerging as a popular destination for Hong Kong travelers [1] Future Outlook and Safety Recognition - Following the holiday season, flight bookings for the Lunar New Year are steadily increasing, with a focus on leveraging key events in Hong Kong and the region to drive travel demand [2] - Cathay Pacific has been recognized by Airline Ratings as one of the top two safest airlines globally for 2026 in the traditional full-service category, underscoring its commitment to operational safety [2] - Hong Kong Express has also been awarded as the world's safest low-cost airline for two consecutive years, reflecting its high safety standards [2] Special Events and Customer Experience - In 2026, Cathay Pacific plans to celebrate its 80th anniversary with a series of special events, aiming to enhance customer experience and solidify its position as a leading international aviation hub [2]

Core Viewpoint - Cathay Pacific is experiencing significant growth in passenger and cargo capacity, with projections indicating a strong demand for travel and freight services in 2025 compared to 2024 [1][2] Passenger Capacity - Cathay Pacific's passenger capacity in December 2025 is expected to increase by 22% year-on-year, with available seat kilometers rising by 23% [1] - The total passenger volume for 2025 is projected to grow by 27% compared to 2024, reaching over 36 million passengers [1] - Hong Kong Express is also seeing growth, with December 2025 passenger numbers expected to exceed 780,000, a 24% increase from December 2024 [1] Cargo Capacity - Cathay Pacific's cargo volume in December 2025 is anticipated to rise by 6% year-on-year, with available cargo ton kilometers increasing by 8% [1] - The total cargo volume for 2025 is expected to exceed 1.6 million tons, reflecting a growth of over 9% compared to 2024 [1] Market Demand - The demand for inbound travelers is stable, particularly from students returning from North America, Oceania, and the UK, as well as visitors from Northeast Asia, Thailand, and India during the year-end holiday [1] - Outbound travel demand is notably strong during the holiday peak, especially to Northeast and Southeast Asia, with mainland China emerging as a popular destination for Hong Kong travelers [1] Future Outlook - Following the year-end holiday, flight bookings for the Lunar New Year are steadily increasing, with a focus on leveraging key events in Hong Kong and the region to drive travel demand leading up to Easter [2] - Cathay Pacific has been recognized as one of the top two safest airlines globally for 2026, reflecting its commitment to operational safety [2] - Hong Kong Express has also been awarded as the safest low-cost airline globally for two consecutive years, underscoring its high safety standards [2] - The company plans to celebrate its 80th anniversary in 2026 with special events aimed at enhancing customer experience and reinforcing Hong Kong's status as a leading international aviation hub [2]

Group 1 - Cathay Pacific's passenger volume in November 2025 increased by 26% compared to November 2024, with available seat kilometers rising by 22%. Year-to-date passenger volume for the first eleven months of 2025 increased by 27% compared to the same period in 2024 [1] - The load factor reached 87%, marking a two-year monthly high, driven by strong demand on Northeast Asia routes, particularly from Hong Kong, Europe, and Southeast Asia [1] - Cargo volume for Cathay Pacific in November 2025 increased by 10% year-on-year, with available cargo ton kilometers rising by 7%. Year-to-date cargo volume for the first ten months of 2025 also saw a 10% increase compared to the previous year [1] Group 2 - Hong Kong Express recorded a passenger volume of nearly 640,000 in November 2025, a 27% increase from November 2024, with available seat kilometers increasing by 18%. Year-to-date passenger volume for the first eleven months of 2025 increased by 30% compared to the previous year [2] - The load factor exceeded 83%, an increase of nearly 6 percentage points compared to the same month in 2024. However, demand for Japan routes has slowed due to various factors, resulting in losses that partially offset positive trends [2] - The group anticipates that the second half of the year will be driven by increased capacity, stable passenger load factors, and resilient cargo demand, with overall financial performance expected to surpass last year's robust results [2]

Core Viewpoint - Cathay Pacific Airways reported significant growth in passenger and cargo volumes for November 2025 compared to the same month in 2024, indicating a strong recovery in demand across various markets [1] Passenger Traffic - In November 2025, Cathay Pacific's passenger volume reached 2.5304 million, a 26% increase year-on-year, with available seat kilometers rising by 22% [1] - For the first 11 months of 2025, total passenger numbers were 26.1308 million, reflecting a 27% increase compared to the same period in 2024 [1] - Hong Kong Express recorded nearly 640,000 passengers in November 2025, a 27% increase year-on-year, with available seat kilometers up by 18% [1] - The overall passenger load factor reached 87%, the highest for a single month in two years, driven by strong demand from Northeast Asia, Europe, and Southeast Asia [1] Cargo Traffic - Cathay Pacific's cargo operations transported 157,500 metric tons in November 2025, a 10% increase from November 2024, with available cargo ton kilometers increasing by 7% [1] - For the first 11 months of 2025, cargo volume also increased by 10% compared to the previous year [1] - The company noted robust export demand from Hong Kong and mainland China, as well as growth in Southeast Asia, South Asia, the Middle East, and Africa [1] Financial Performance - The group achieved approximately HKD 900 million in other income in the second half of the year from a non-recurring gain related to a settlement agreement with a supplier [1] - Historically, the second half of the year has been a strong period for the group, and the overall financial performance for 2025 is expected to surpass last year's solid results [1]

Core Viewpoint - Cathay Pacific Airways reported significant growth in passenger and cargo volumes for November 2025 compared to the same month in 2024, indicating a strong recovery in demand and optimistic outlook for future travel seasons [1] Passenger Traffic - In November 2025, Cathay Pacific's passenger volume reached 2.5304 million, a 26% increase year-on-year, with available seat kilometers up by 22% [1] - For the first 11 months of 2025, total passenger numbers were 26.1308 million, reflecting a 27% increase compared to the same period in 2024 [1] - Hong Kong Express recorded nearly 640,000 passengers in November 2025, a 27% increase year-on-year, with available seat kilometers increasing by 18% [1] - The overall passenger load factor reached 87%, the highest for a single month in two years, driven by strong demand from Northeast Asia, Europe, and Southeast Asia [1] Cargo Traffic - Cathay Pacific's cargo operations transported 157,500 metric tons in November 2025, a 10% increase from November 2024, with available cargo ton kilometers rising by 7% [1] - For the first 11 months of 2025, cargo volume also increased by 10% compared to the previous year [1] - The company noted robust demand for specialized cargo services, particularly in Northeast Asia and South America, indicating a strong air freight peak season expected to last until December [1] Financial Performance - The group achieved approximately HKD 900 million in other income in the second half of the year from a non-recurring gain related to a settlement agreement with a supplier [1] - Historically, the second half of the year has been a strong performance period for the group, and the overall financial performance for 2025 is expected to surpass last year's solid results [1]

Group 1 - The core viewpoint of the articles highlights the robust growth in both passenger and cargo operations for Cathay Pacific Group, with significant increases in passenger numbers and cargo volume in October 2025 [1][2] Group 2 - In October 2025, Cathay Pacific and HK Express collectively carried over 3.2 million passengers, representing a month-on-month increase of 21% [1] - Cathay Pacific's passenger volume increased by 29% year-on-year in October, with a cumulative increase of 27% for the first ten months, achieving a passenger load factor of 86%, the highest for the same month in recent years [1] - HK Express carried over 680,000 passengers in October, marking a year-on-year growth of 32%, with a cumulative increase of 31% for the first ten months [1] - Cathay Pacific's cargo volume exceeded 150,000 tons in October, with a month-on-month increase of 12%, and a year-on-year growth of 6% [1] - The "Cathay Fresh Cargo" and "Cathay Priority Cargo" services performed well, driven by demand for fresh produce from Southeast Asia and Oceania, as well as seasonal cargo needs in the Guangdong-Hong Kong-Macao Greater Bay Area [1] Group 3 - Cathay Pacific has expanded its route network, launching daily flights to Changsha and seasonal flights to Adelaide, with HK Express planning to add daily flights to Kota Kinabalu [1] - The group plans to operate approximately 330 pairs of domestic routes, nearly 100 pairs of Oceania routes, and over 430 pairs of Southeast Asia routes during the winter travel peak [1] Group 4 - Cathay's Customer and Business President, Ronald Lam, indicated strong bookings for the Christmas travel season, with expected increases in passenger flow to North America and Europe [2] - The demand for cargo is anticipated to remain high during the remaining peak season [2] - HK Express will closely monitor travel demand in Japan and continue to optimize its network layout [2]

Core Insights - Cathay Pacific's passenger and cargo operations showed steady performance in October 2025, with over 3.2 million passengers carried, a month-on-month increase of 21% [1] - Cargo volume exceeded 150,000 tons in October, reflecting a month-on-month growth of 12% [1] - The airline is expanding its global route network, launching new services to Changsha and Adelaide, and increasing flight frequencies to mainland China and Southeast Asia [1] Passenger Operations - In October 2025, passenger volume increased by 29% compared to the same month in 2024, with available seat kilometers rising by 26% year-on-year [1] - The load factor reached 86%, the highest for the month in recent years, driven by strong demand during the National Day and Mid-Autumn Festival holidays [2] - Forward bookings for the Christmas travel season remain robust, with expectations of increased inbound travelers from North America, the UK, and other European regions [2] Cargo Operations - Cargo volume in October 2025 increased by 6% year-on-year, with available cargo ton kilometers up by 8% [2] - The demand for the "Cathay Fresh Cargo" service remains strong, particularly for fresh produce from Southeast Asia and Oceania, as well as for salmon shipments from South America to mainland China [2] - The company anticipates sustained strong demand in the remaining peak cargo season, especially on major cargo routes [3] Hong Kong Express - Hong Kong Express carried over 680,000 passengers in October 2025, a 32% increase compared to the same month in 2024, with available seat kilometers increasing by 34% [3] - The load factor for Hong Kong Express was nearly in line with the previous year's level, supported by strong demand during the National Day holiday [3] - The airline will closely monitor travel demand to Japan while focusing on enhancing overall network demand [3]