Cathay Group

Cathay Group, the parent company of Hong Kong's flag carrier Cathay Pacific Airways and its budget subsidiary HK Express, has reported a significant 71% year-on-year increase in net profit to HK$6.24 billion for the first half of 2026. This strong financial performance is attributed to robust passenger demand, despite geopolitical events like the Mideast war. The company is actively working to restore its flight capacity, aiming to bring all services back online after June, even after previously implementing minor cuts to Cathay Pacific and HK Express flights. The decrease in jet fuel prices from their peak has also contributed positively to the group's profitability. Cathay Group's chairman, Guy Bradley, presented these interim results, highlighting the company's recovery and forward-looking strategy in a dynamic aviation market.