CX Special Transportation Solutions Represent 25-33% of Total Freight Volume; Six New Freighters Acquired
Freight Volume Contribution: Cathay Pacific Air's special transportation solutions, including medical cold chain and live animal transport, accounted for 25-33% of its overall freight volume.
Growth in Live Animal Transport: The company's live animal cargo volume increased by 4.3% last year, largely due to demand from horse racing and collaborations with the Hong Kong Jockey Club.
New Aircraft Orders: Cathay Pacific Air has ordered six new-generation Airbus A350-F freighters, with deliveries set to begin in 2028.
Market Activity: The company's stock experienced a slight decline of 0.694%, with short selling activity reported at $3.67 million and a ratio of 6.410%.
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Financial Performance: Cathay Pacific Air reported improved results for 2025, driven by increased capacity, stable passenger volume, and strong cargo demand, despite losses from HK Express impacting overall earnings.
Employee Compensation: The airline, which employed over 33,000 people by the end of 2025, announced a salary raise and plans to distribute around 11 weeks of eligible compensation to employees through discretionary bonuses and profit sharing.

Stock Performance: Cathay Pacific Air's stock closed up 1.43% at midday, reaching a high of $13.36, and ended the day at $13.22, reflecting a 4.75% increase with significant trading volume.
Annual Results: The airline reported a revenue of $116.766 billion for 2025, a year-on-year increase of 11.9%, and a net profit of $10.828 billion, up 9.5% YoY, with an increased dividend payout.
Dividend Increase: The second interim dividend per share (DPS) was raised to $0.64, a 30.6% increase from the previous year, contributing to a full-year DPS of $0.84, up 21.7% YoY.
Future Growth Plans: Cathay Pacific plans to take delivery of eight new narrow-body aircraft this year, aiming for a 10% increase in passenger capacity, which will also enhance cargo capacity.

Company Overview: Cathay Pacific Air (00293.HK) reported its annual results for the year ending December 2025.
Financial Performance: The airline achieved a revenue of $116.766 billion, reflecting an 11.9% increase year-over-year.
Market Activity: The company experienced short selling amounting to $22.38 million, with a short selling ratio of 10.426%.
Stock Movement: Cathay Pacific's stock price increased by 0.180, representing a rise of 1.426%.

CATHAY PAC AIR Results Announcement: CATHAY PAC AIR is set to announce its 2025 results today, amidst a backdrop of short selling activity and a significant impact from the Iran conflict on the global aviation industry.
Market Performance and Outlook: Despite a decline in share prices for CATHAY PAC AIR and Singapore Airlines, both airlines are expected to outperform global peers due to strong balance sheets and effective fuel hedging strategies.
JPMorgan's Analysis: JPMorgan maintains an Overweight rating on both CATHAY PAC AIR and Singapore Airlines, citing high ticket prices and freight yields as short-term support, although oil price trends pose challenges.
Target Prices Set: The target prices set by JPMorgan are $18 for CATHAY PAC AIR and SGD8.4 for Singapore Airlines, reflecting their confidence in the airlines' resilience despite market volatility.
Flight Cancellations: Cathay Pacific has cancelled all passenger and cargo flights to Dubai and Riyadh until March 31 due to the volatile situation in the Middle East, offering affected travelers options to rebook or cancel their tickets.
Increased Capacity to Europe: In response to rising demand, Cathay Pacific will operate extra flights to London and increase capacity to Zurich in March, while prioritizing the safety of its customers and staff.
Collaboration Announcement: Cathay Pacific and the West Kowloon Cultural District Authority have launched a new art-focused aircraft livery titled "Spirit of Hong Kong - 80th Anniversary Edition," highlighting their commitment to local cultural creativity.
Cultural Exchange Vision: The initiative aims to elevate Hong Kong's arts and culture on a global scale, inviting international travelers to experience the city's rich cultural heritage and creative spirit.







