The Hong Kong-based carrier attributed the increase to robust demand that helped offset higher fuel costs.
Jeffry Surianto
Cathay Pacific reported a stronger first-half profit, driven by robust demand from both travel and cargo segments, the airline said.
First-half profit compared to the same period last year.
The profit increase was attributed to strong demand, including from travel and cargo, which helped offset headwinds from higher oil prices.
Cathay Pacific now projects its first-half net profit to reach between HK$6 billion and HK$6.5 billion, marking an increase of up to 75 percent compared to the HK$3.7 billion profit recorded during the same period last year. This growth is significantly supported by a one-off gain of approximately HK$1.4 billion resulting from the dilution of the airline's interest in Air China following a share sale.
