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Cathay Pacific Airways ( (HK:0293) ) has issued an announcement.
The Cathay Group reported a strong start to 2026, with more than 3.2 million passengers carried in February, a 24% year-on-year increase, and a new single-day record of about 128,000 passengers, reflecting robust Lunar New Year demand and a rebound in premium-cabin business travel. While the airline is benefiting from solid leisure traffic across Asia and healthy inbound flows to Hong Kong, it is also facing geopolitical disruptions and higher jet fuel prices, prompting temporary suspension of flights to Dubai and Riyadh through late April and tactical capacity shifts, including extra services to London, additional Zurich capacity, and the planned launch of a new five-times-weekly Seattle route to strengthen Hong Kong’s connectivity.
The most recent analyst rating on (HK:0293) stock is a Hold with a HK$12.00 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 through its mainline carrier Cathay Pacific and low-cost arm HK Express. The group focuses on connecting Hong Kong with key markets across Asia, Europe and North America, positioning the city as a major international aviation hub for both leisure and business travel as well as air freight.
Average Trading Volume: 14,791,752
Technical Sentiment Signal: Buy
Current Market Cap: HK$84.86B
Learn more about 0293 stock on TipRanks’ Stock Analysis page.