Cathay Group reports record first-half profit

Dhaka: Hong Kong-based Cathay Group reported a strong financial performance in the first half of 2026, driven by higher passenger and cargo demand, improved airline operations, and stronger contributions from its associated companies.

The aviation group posted an attributable profit of HKD 6.2 billion for the January-June period, up from HKD 3.7 billion in the corresponding period last year. The results included a one-off gain of around HKD 1 billion, primarily linked to a change in its shareholding in Air China.

Buoyed by the performance, the company announced an interim dividend of HK26 cents per share, representing a 30 percent increase compared to the same period in 2025.

Cathay Group Chair Guy Bradley said the group carried more passengers and cargo while operating more flights than a year earlier, despite facing rising fuel costs during the second quarter due to geopolitical tensions in the Middle East.

The group said it remains committed to long-term growth, with investment plans totaling around HKD 150 billion covering fleet renewal, cabin upgrades, airport lounges, and digital innovation.

Over the next decade, Cathay aims to expand its fleet with 150 new aircraft and grow its network to 150 destinations, subject to market conditions.

The airline is also upgrading its passenger experience with new cabin products, additional Premium Economy offerings, and refurbished lounges in Hong Kong, New York, and Tokyo. Meanwhile, Cathay Cargo is expanding its freighter fleet, including additional Airbus A350F aircraft, to support growing cargo demand.