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HKG:0293

26 stories mentioning HKG:0293Updated 3d ago

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Asia

Swire Pacific Completes Bond Buyback, Reduces Cathay Stake

Swire Pacific (HKG:0019, HKG:0087) completed its accelerated exchange trade in relation to its bonds on Sept. 9, according to an exchange filing.The company also bought back a further HK$6 million in bonds from the remaining bondholders at 109.08% of par.Following the transactions, HK$5 million of the bonds remain outstanding, while HK$4.7 billion, or 99.89% of the original amount, will be canceled.Swire Pacific's stake in Cathay Pacific Airways (HKG:0293) fell to 2.38 billion shares, representing about 39.15% of the airline.

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Asia

Cathay Pacific, Google Partner on AI-Powered Contrail Avoidance

Cathay Pacific (HKG:0293) and Google are partnering to research and trial AI-powered technology to reduce the climate impact of aircraft contrails, the companies said in a statement Monday.An initial trial that began in late 2025 covered more than 100 flights, with over 80 using contrail-avoidance routes. Google estimates those flights reduced the warming impact of contrails by about 40%.The companies will now expand trials across Cathay's Asia and transpacific network to gather more operational data and assess the feasibility of deploying contrail avoidance at scale.

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Asia

Swire Pacific Trims Cathay Pacific Stake to Fund HK$4.7 Billion Bond Buyback

Swire Pacific (HKG:0019, HKG:0087) is divesting a 5.96% stake in Cathay Pacific (HKG:0293) to fund a bond repurchase, according to a Wednesday bourse filing.The Hong Kong conglomerate is selling 362.6 million Cathay Pacific shares at HK$13.20 each via placement, allowing it to raise about HK$4.79 billion.Proceeds from the sale will be used to finance Swire's planned buyback of its HK$4.69 billion zero-coupon exchangeable bonds due in 2027.Following the transaction, Swire Pacific's shareholding in Cathay Pacific will fall to about 39.15%.

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Asia

Cathay Pacific Airways Passenger Traffic Up in July

Cathay Pacific Airways (HKG:0293) logged a 9% year-over-year growth in July passenger traffic to 3.5 million.The Hong Kong-listed airline company said Wednesday the figure includes Cathay Pacific and HK Express. Cathay Cargo, meanwhile, saw 6% tonnage growth to 149,000 tonnes over the period.

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Asia

Swire Pacific to Lower Exchange Price on HK$4.7 Billion Bonds After Cathay Pacific Dividend

Swire Pacific (HKG:0019, HKG:0087) expects to adjust the exchange price of its HK$4.7 billion zero-coupon exchangeable bonds due 2027 after Cathay Pacific Airways (HKG:0293) declared an interim dividend.Pursuant to the conditions of the issue in June, the price will be lowered to HK$12.93 per Cathay Pacific share from HK$13.18, according to a Wednesday filing on the Hong Kong bourse. With a record date of Sept. 4, the adjustment will take effect the next day.The conglomerate expects the full exchange of the bonds to increase to 363.5 million Cathay Pacific shares from 356.6 million shares, if the outstanding principal amount stays at HK$4.7 billion.

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Asia

Hong Kong Stocks Edge Higher; Cathay Pacific Climbs on Profit Surge

Hong Kong stocks edged higher Wednesday as easing oil prices and optimism over continued artificial intelligence spending supported sentiment.The Hang Seng Index marginally rose 62.90 points, or 0.2%, to close at 25,915.82, while the Hang Seng China Enterprises Index gained 29.47 points, or 0.3%, to finish at 8,603.73.Technology shares found support after strong U.S. corporate earnings reinforced confidence in continued investment in artificial intelligence infrastructure.Oil prices extended their decline on hopes of progress toward reopening the Strait of Hormuz after Qatar said mediators were making headway in efforts to end the U.S.-Iran conflict.In corporate news, Cathay Pacific Airways (HKG:0293) closed nearly 3% higher after posting a 71% jump in first-half attributable profit.Meanwhile, Estun Automation (HKG:2715, SHE:002747) gained over 4% after saying its units, Estun Robot and Dingtong Electromechanical, will acquire collaborative robot developer Estun Codroid for 487.1 million yuan.

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Asia

Cathay Pacific's Attributable Profit Soars 71% in H1

Cathay Pacific Airways (HKG:0293) posted a 71% increase in first-half attributable profit to HK$6.24 billion from HK$3.65 billion a year earlier.Earnings per share came in at HK$0.995 from HK$0.548, according to a Wednesday earnings release.Revenue increased 25% to HK$68.1 billion from HK$54.3 billion.The board declared a first interim dividend of HK$0.26 per ordinary share, up from HK$0.20 a year earlier, payable on Oct. 8 to shareholders on record as of Sept. 4.The group reaffirmed its target of around 10% passenger capacity growth this year, while noting that elevated jet fuel prices and geopolitical tensions in the Middle East remain key risks.It also reiterated plans to invest about HK$150 billion in its fleet, cabin products, lounges, and digital capabilities to support long-term growth.

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Asia

Cathay Pacific Airways Raises Fuel Surcharge on Flights Starting August

Cathay Pacific Airways (HKG:0293) will increase passenger and cargo fuel surcharges starting Aug. 1 as jet fuel prices rise amid renewed Middle East tensions, according to an update on the company's website on Friday.The fuel surcharge is included on all Cathay Pacific tickets on a per-flight sector basis irrespective of fare type.The surcharge on long-haul flights originating from Hong Kong and destinations including North America and Europe will increase to HK$1,362 per sector from HK$965. For flights between Hong Kong and the South Asia subcontinent, the surcharge will rise to HK$633 from HK$448.Charges for mainland China and other routes will also increase.

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Research

CLSA Upgrades Cathay Pacific Airways to Accumulate from Hold; Price Target is HK$16.40

Cathay Pacific Airways (HKG:0293) has an average rating of overweight and mean price target of HK$15.62, according to analysts polled by FactSet.

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Research

Citi Upgrades Cathay Pacific Airways to Buy from Sell

Cathay Pacific Airways (HKG:0293) has an average rating of overweight and mean price target of HK$15.66, according to analysts polled by FactSet.

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Asia

Cathay Pacific Expands Latin America Network via Tie-Up with Spain's Iberia

Cathay Pacific Airways (HKG:0293) is expanding its Latin America network through its partnership with Spanish airline Iberia, according to a statement on Wednesday.The Hong Kong flag carrier added new codeshare flights to Brazil's Fortaleza and Recife, Argentina's Buenos Aires and Dominican Republic's Santo Domingo via Madrid.Cathay Pacific will deploy three more flights per week on its Hong Kong-Madrid service to daily from Oct. to support the new routes.

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Asia

Cathay Pacific to Resume Middle East Passenger Flights in September

Cathay Pacific Airways (HKG:0293) on Thursday said it would resume passenger flights to the Middle East starting Sept. 1.The carrier will schedule daily passenger flights to Dubai and four weekly passenger flights to Riyadh beginning in September.Cathay Pacific said it will continue to monitor the "evolving situation" in the Middle East before the resumption date.

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Asia

Cathay Pacific Airways Unit Cathay Cargo Launches New Air-Land-Sea Perishables Network

Cathay Pacific Airways (HKG:0293) unit Cathay Cargo launched a fully integrated intermodal perishables network spanning air, land and sea to offer multiple routing options for cold-chain shipments across the Greater Bay Area.The new setup includes a refrigerated barge service linking Hong Kong International Airport directly to Cathay Cargo Terminal Dongguan in China, alongside an expanded air-land fresh lane across the Hong Kong-Zhuhai-Macao Bridge, according to a company statement on Tuesday.

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Asia

Cathay Pacific Airways Passenger Count Climbs 17% in May; Shares Jump 3%

Cathay Pacific Airways (HKG:0293) carried about 2.7 million passengers in May, up 17% from a year earlier, according to a Tuesday Hong Kong bourse filing.Shares of the airline were up nearly 3% in Wednesday afternoon trading.Passenger capacity rose about 10% year over year to 12.7 billion available seat kilometers.Cargo carried increased 11% to 150.1 million kilograms, while cargo capacity edged up 6.1% to 1.31 billion available freight-tonne kilometers.Subsidiary HK Express carried 674,397 passengers in the month, up 4.8% from the year-ago period, while its passenger capacity grew 4% to 1.63 billion available seat kilometers.

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Asia

Cathay Pacific Airways Announces Lower Fuel Surcharge on Flights

Cathay Pacific Airways (HKG:0293) lowered the fuel surcharge on its flights beginning July 1, according to an update on the company's website Tuesday.The fuel surcharge is included on all Cathay Pacific tickets on a per flight sector basis irrespective of fare type.The surcharge on long-haul flights originating from Hong Kong was reduced to HK$1,164 from HK$1,362.For flights between Hong Kong and the South Asia subcontinent, the surcharge was lowered to HK$541 from HK$633.

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Asia

Update: Cathay Pacific Airways Announces Lower Fuel Surcharge on Flights

Cathay Pacific Airways (HKG:0293) lowered the fuel surcharge on its flights beginning July 1, according to an update on the company's website Tuesday.The fuel surcharge is included on all Cathay Pacific tickets on a per flight sector basis irrespective of fare type.The surcharge on long-haul flights originating from Hong Kong was reduced to HK$1,164 from HK$1,362.For flights between Hong Kong and the South Asia subcontinent, the surcharge was lowered to HK$541 from HK$633.

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Asia

Cathay Pacific's Cargo Unit Expands Capacity With Additional A330 Freighter

Cathay Pacific Airways (HKG:0293) cargo unit will add an Airbus A330 converted freighter through Air Hong Kong, according to Thursday's press release.The aircraft is expected to join the fleet in the fourth quarter under a long-term lease agreement.Air Hong Kong, the first all-cargo freighter airline based in Hong Kong and a member of the Cathay Group, currently operates 14 A330 freighters.

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Asia

Swire Pacific Unit to Raise HK$4.70 Billion via Debt Offering

Swire Pacific (HKG:0019, HKG:0087) said its Swire Pacific Finance unit was looking to raise HK$4.70 billion via a bond offering, according to a Tuesday filing with the Hong Kong bourse.The bonds will convert into Cathay Pacific Airways (HKG:0293) shares based on an initial exchange price of HK$13.18 each. Assuming full conversion, the bonds would convert into 356.6 million Cathay Pacific shares representing 5.9% of the business.The bonds mature on June 16, 2027, and do not bear interest.Swire Pacific said it will use the proceeds for general working capital purposes.Cathay Pacific's shares slumped nearly 7% in recent trade, while Swire Pacific's class A and B shares fell more than 1%.

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Asia

Cathay Pacific Airways' Passenger Count Rises 17% in April

Cathay Pacific Airways (HKG:0293) carried about 2.8 million passengers in April, up 17% from a year earlier, according to a Wednesday Hong Kong bourse filing.Passenger capacity rose about 15% year over year to 12.7 billion available seat kilometers.Cargo carried increased 8.2% to 144.3 million kilograms, while cargo capacity edged up 7.4% to 1.29 billion available freight-ton kilometers.Subsidiary HK Express carried 729,846 passengers in the month, up 4.9% from the year-ago period, while its passenger capacity grew 7% to 1.61 billion available seat kilometers.

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Asia

Cathay Pacific Airways Chair To Retire; Successor Named

Cathay Pacific Airways (HKG:0293) Chair Patrick Healy will retire and step down from the board following the company's annual general meeting on Wednesday, according to a same-day Hong Kong bourse filing.Guy Bradley, currently a non-executive director of the airline, will be elected chair of the board.Bradley has been a director of Cathay Pacific since August 2021 and is chairman of Swire Pacific (HKG:0019, HKG:0087) and Swire Properties (HKG:1972).He joined the Swire group in 1987 and has held roles across Hong Kong, the Chinese mainland, the U.S., Japan, Vietnam, and the Middle East.

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