Cathay Pacific posts 71% profit rise to HK$6.24 billion in first half of year

Hong Kong flag carrier Cathay Pacific Airways has reported a 71 per cent year-on-year rise in net profit to HK$6.24 billion (US$802 million) for the first six months of 2026, driven by stronger demand. Cathay Group chairman Guy Bradley, who delivered the interim results for the first time since taking up the role earlier this year, said jet fuel prices had come down from their peak in the second quarter but were increasing again due to the escalating tensions in the Middle East. “We expect the...