Catato Pacific has been warned of declining air functions and uncertain cargo outlook, 10% in shares

Cathay Pacific Airways on Wednesday warned of its budget carrier and uncertain aircraft, challenges Conditions of Goods MarketSending your shares down more than 10%, as it posts a slight increase in the first half profit.

Hong Kong’s leading airline also ordered 14 more Boeing 777-9 As wide-body jets it renews its fleet, takes its total order for the model with an option for one and seven for 35.


Cathe recorded a growth of 1% on a strong jump on HK $ 3.65 billion ($ 465 million) in the first half ($ 465 million), low fuel prices and a stable cargo performance.

But its passenger yield, a proxy for air fare, fell 12.3% in its main brand and its low -cost carrier HK Express fell by 21.6% during this period.

“HK Express continues to face short-term challenges,” Cathe Chairman Patrick Heli said about the budget airline, which posted the first loss of HK $ 524 million before Net Finance Charge and Taxation. He said that Catathas were taking a long -term approach and were expected to be a way of profitability for HK Express.


The stocks fell to 10.7% in the catha after the announcement of half -year results since July 4, 2025. He was on track for a decline of one day percentage since November 2008, while benchmark hang Seng Sequential Got 0.2%. “The results were in line with expectations, but the performance from the budget airline section was not impressive,” said Steven Leoung, a sales director in Hong Kong in Hian, brokerage firm. The yield-pandemic records in Asia’s airlines are falling below high levels because carriers add more capacity, acute competition. Air travel recovery of the region overtook the rest of the world due to China and Hong Kong, which slowed down to return to international flights after Kovid -19.

The Asian Peer Singapore Airlines said last week that the yield of its main brand declined by 3.5% in the April to June quarter, while its low -cost carrier scooters were 4.7% below.

Cargo outlook

Depending on the world’s busiest cargo airport, Cathe is one of the largest cargo carriers in Asia and has benefited from increasing versions of e-commerce outside China in recent years.

Cathe mentioned the cargo market uncertainty on Wednesday, which was caused by a change in the US tariff this year, especially in early May to cancel a duty-free exemption for lower-priced packages from China and Hong Kong.

However, the airline said that its cargo business showed flexibility and the capacity was being rebuilt in the markets that remained strong. Cargo Division’s half-year revenue rose 2.2% to HK $ 11.1 billion, while yield fell by 3.4%.

The airline stated that the order of the Catat for more than 1477-9 aircraft with GE engine has been used as part of the 2013 order for 21 jets, and adds options to buy another seven in the future, the airline said.

Cathe said that the list of 14 jets was $ 8.1 billion, but it had achieved significant discounts, as is customary for major airlines. This hopes that the aircraft will be distributed by 2034.

Long delayed 777-9, the latest version of its 777 aircraft in Boeing, has not yet been certified by the US Federal Aviation Administration. Boeing CEO Kelly Ortberg said that the model is undergoing flight test last month and the planner is expected to start delivery next year.

Cathe said that it was expecting its first 777–9 delivery in early 2027 in March.

Latest articles

Related articles