Key facts
- Cathay Pacific projects a first-half profit of HK$6.5 billion.
- This represents an approximate 75% increase compared to the previous period.
- The airline's strong performance is attributed to benefits from redirected travel amid Middle East conflict.
Cathay Pacific has announced that it expects its profit for the first half of the year to surge by approximately 75%, reaching HK$6.5 billion. This projection indicates a substantial improvement in the airline's financial performance during the period. The airline's earnings rose sharply in the first half of this year, shrugging off volatile oil prices and reaping benefits from redirected travel due to the ongoing war in the Middle East.