Cathay Pacific’s 2024 profit rises marginally By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 12 2025
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Source: Investing.com
Profit and Revenue Growth: Cathay Pacific Airways reported a 1% increase in net profit to HK$9.89 billion for the year ended December 31, driven by a holiday travel boost and lower fuel prices, despite normalizing ticket prices. Revenue rose 10.5% to HK$104.37 billion, although it fell short of market expectations.
Future Plans: The airline plans to enhance air travel and cargo capacity by adding over 100 new fuel-efficient aircraft to its fleet and declared a second interim dividend of HK$0.49 per share, exceeding analyst predictions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
