Cathay Pacific Airways Ltd

00293: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Cathay Pacific Earnings: War Muddles Outlook, but Valuation Raised 19% On Firmer Yields

Lorraine Tan , Nicole Lim

Mar 12, 2026

Cathay Pacific's 2025 revenue increased 12.0% year on year to HKD 117 billion, and operating margin narrowed 50 basis points to 12.1%. The company expects to receive more than 100 new aircraft over the next few years. Shares gained 4% following the earnings release.

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Cathay Pacific Airways Ltd

Cathay Pacific Earnings: War Muddles Outlook, but Valuation Raised 19% On Firmer Yields

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