Cathay Pacific Lifts 2025 Profit as Capacity and Utilisation Surge

The latest announcement is out from Cathay Pacific Airways ( (HK:0293) ).

Cathay Pacific Airways reported 2025 group revenue of HK$116.77 billion, up 11.9% year-on-year, with profit attributable to shareholders rising 9.5% to HK$10.83 billion and basic earnings per share increasing 10.9%. The airline strengthened its balance sheet with funds attributable to shareholders up 14.5%, net borrowings down 19.2% and a lower net debt-to-equity ratio, while raising the dividend per share by 21.7%.

Operationally, the group significantly expanded capacity, with available tonne kilometres up 15.9%, aircraft utilisation up over 20% and strong growth in both passenger and cargo volumes, although yields and unit revenues declined across key segments. Improved cost efficiency, higher on-time performance and a sharp reduction in workplace injury rates underline operational recovery, but increased greenhouse gas emissions and an ageing fleet highlight ongoing environmental and renewal challenges as the carrier scales back toward pre-pandemic levels.

The most recent analyst rating on (HK:0293) stock is a Buy with a HK$14.00 price target. To see the full list of analyst forecasts on Cathay Pacific Airways stock, see the HK:0293 Stock Forecast page.

More about Cathay Pacific Airways

Cathay Pacific Airways is a Hong Kong-based international airline group operating passenger and cargo services across global markets. Through its flagship Cathay Pacific brand, low-cost carrier HK Express and dedicated Cathay Cargo operations, the group focuses on connecting Hong Kong with major long-haul and regional destinations, while also serving international freight demand.

Average Trading Volume: 10,305,859

Technical Sentiment Signal: Buy

Current Market Cap: HK$81.9B

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