{"id":269306,"date":"2026-06-29T05:15:00","date_gmt":"2026-06-28T22:15:00","guid":{"rendered":"https:\/\/www.ttrweekly.com\/site\/?p=269306"},"modified":"2026-06-29T06:03:42","modified_gmt":"2026-06-28T23:03:42","slug":"cathay-group-reports-double-digit-growth","status":"publish","type":"post","link":"https:\/\/www.ttrweekly.com\/site\/2026\/06\/cathay-group-reports-double-digit-growth\/","title":{"rendered":"Cathay Group reports double-digit growth"},"content":{"rendered":"\n
HONG KONG, 29 June 2026: The Cathay Group released traffic figures for May 2026 last week, reporting that both passenger traffic and cargo uplift saw double-digit growth year-on-year.<\/p>\n\n\n\n
Cathay Chief Customer and Commercial Officer Lavinia Lau noted: \u201cWe continued to see year-on-year growth in our travel and cargo businesses in May, albeit against a backdrop of high jet fuel prices. <\/p>\n\n\n\n
Cathay Pacific and HK Express together carried a combined total of over 3.3 million passengers, 14% higher than in May 2025, while Cathay Cargo carried over 150,000 tonnes of cargo during the month, representing an 11% increase year on year.<\/p>\n\n\n
\u201cMeanwhile, we are continuing to expand our global network. Earlier this month, Cathay Pacific announced plans to launch direct flights to Almaty in the first quarter of 2027, marking our first destination in Central Asia and strengthening Hong Kong\u2019s connectivity with an important Belt and Road region. HK Express will also launch direct daily flights to Wuxi in July.\u201d<\/p>\n\n\n\n
Cathay Pacific<\/strong><\/p>\n\n\n\n
Cathay Pacific carried 17% more passengers in May 2026 compared with May 2025, while Available Seat Kilometres (ASKs) increased by 10%. In the first five months of 2026, passenger traffic increased by 19% compared with the same period in 2025.<\/p>\n\n\n\n
Lau said: \u201cMay got off to a strong start, supported by solid traffic as passengers from across Asia returned from their Golden Week and other holiday travels at the beginning of the month. This was followed by robust travel demand from our home market as travellers took advantage of the Buddha\u2019s Birthday long weekend in Hong Kong towards the end of May. These traffic flows, together with increased connecting traffic via Hong Kong as travellers seek alternative hubs due to the situation in the Middle East, contributed to a high network load factor of 87%. Meanwhile, our premium cabins continued to see high demand from business and premium leisure travel.<\/p>\n\n\n\n
\u201cLooking ahead, the outlook for the summer travel peak remains positive, particularly on our long-haul routes, while bookings for short-haul destinations are accelerating.\u201d<\/p>\n\n\n\n
Cathay Cargo<\/strong><\/p>\n\n\n\n
Cathay Cargo carried 11% more cargo in May 2026 than in May 2025, while Available Freight Tonne Kilometres (AFTKs) increased by 6%. In the first five months of 2026, the total tonnage increased by 8% compared with the same period in 2025. Cargo business performed well in May, with year-on-year growth underpinned by robust demand on key trade lanes, particularly between the Chinese Mainland and Southeast Asia.<\/p>\n\n\n\n
HK Express<\/strong><\/p>\n\n\n\n
HK Express carried more than 670,000 passengers in May 2026, an increase of 5% year on year, while Available Seat Kilometres (ASKs) grew by 4%. In the first five months of 2026, passengers carried increased by 12% compared with the same period in 2025.<\/p>\n\n\n\n
Lavinia commented: \u201cDemand for HK Express\u2019s Southeast Asia routes extended beyond the Easter holidays into May, with Thailand and the Philippines remaining particularly popular. The airline\u2019s Beijing (Daxing) service was also a bright spot, with load factor exceeding 90%. Looking ahead to the summer, HK Express is seeing a healthy pickup in bookings on various routes.\u201d<\/p>\n\n\n\n
Financial<\/strong><\/p>\n\n\n\n
As a result of the completion of an issuance of A shares as announced by Air China Limited (\u201cAir China\u201d) on 9 June 2026, the Cathay Group expects to recognise a deemed disposal gain of approximately HK$1.4 billion in the first half of 2026. This arises from the resulting dilution of the Group\u2019s equity interest in Air China from 15.09% to 12.85%.<\/p>\n\n\n
HONG KONG, 29 June 2026: The Cathay Group released traffic figures for May 2026 last week, reporting that both passenger traffic and cargo uplift saw double-digit growth year-on-year. Cathay Chief Customer and Commercial Officer Lavinia Lau noted: \u201cWe continued to see year-on-year growth in our travel and cargo businesses in May, albeit against a backdrop […]<\/p>\n","protected":false},"author":45,"featured_media":269310,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[469,26],"tags":[],"class_list":["post-269306","post","type-post","status-publish","format-standard","has-post-thumbnail","category-airlines","category-hong-kong"],"yoast_head":"\n
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