Cathay Pacific Airways ( (CPCAF) ) has released its Q4 earnings. Here is a breakdown of the information Cathay Pacific Airways presented to its investors.
Cathay Pacific Airways Limited, a leading airline group based in Hong Kong, operates in the aviation industry with a focus on passenger and cargo services, leveraging its strategic position at the Hong Kong International Airport. In its latest earnings report, Cathay Pacific announced a revenue increase of 10.5% to HK$104,371 million for 2024, with a slight rise in profit attributable to shareholders at HK$9,888 million. The company also declared a 60.5% increase in dividends per share, reflecting its robust financial performance. Key highlights include a 17% rise in available tonne kilometers and a significant increase in aircraft utilization by 22.1%. The company also completed its two-year rebuilding journey, reaching pre-pandemic flight levels and repaying government investments. Looking forward, Cathay Pacific is optimistic about the opportunities presented by the new Three-Runway System at Hong Kong International Airport, aiming to expand its global network and enhance customer experience while focusing on sustainability and fleet modernization.