Cathay Pacific Airways Ltd

00293: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Cathay Earnings: Resilient Margins Despite Fuel Headwinds; We Raise Our Valuation by 12%

Lorraine Tan , Nicole Lim

Aug 6, 2026

Cathay Pacific's first-half 2026 revenue jumped 25% to HKD 68.1 billion, while net profit increased 71% to HKD 6.2 billion. Excluding the HKD 1.4 billion noncash gain from the dilution of its Air China stake to 12.85%, net profit grew 32% to HKD 4.8 billion. Shares rose 2% post-results.

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Cathay Pacific Airways Ltd

Cathay Earnings: Resilient Margins Despite Fuel Headwinds; We Raise Our Valuation by 12%

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