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Cathay Group Reports First Half 2026 Net Profit of $790.3 Million

Cathay Group has reported a first half (H1) 2026 net profit of HK $6.2 billion (US $790.3 million) or HK 99.5 cents (US $0.127) per diluted share on a year-over-year increase in revenue of 25.3 percent to $68.1 billion. 


Cathay Group Reports H1 2026 Financial Results - Courtesy Cathay Group
Cathay Group Reports H1 2026 Financial Results - Courtesy Cathay Group

On Wednesday (August 5, 2026), Cathay Group reported their first half financial results for six-month period ending June 30, 2026.  The Group reported a first half (H1) 2026 net profit of HK $6.2 billion (US 790.3 million) or HK 99.5 cents (US $0.127) per diluted share on a year-over-year increase in revenue of 25.3 percent to HK $68.1 billion (US $8.7 billion).  The company’s H1 2026 profit included non-recurring gains of HK$1 billion (US $127.5 million), mainly from the non-cash deemed partial disposal gain of approximately HK$1.4 billion ($178.5 million) arising from the dilution of the Group’s equity interest in Air China Limited.  The Group’s first-half result has allowed it to announce a first interim dividend to ordinary shareholders of HK 26 cents (US $0.03) per share, totaling HK$1.6 billion (US $203.9 million).  This represents a 30 percent increase per ordinary share when compared with the first interim dividend of 2025.


In Wednesday’s announcement, Cathay Group’s Chairman, Guy Bradley, said,


“The Cathay Group achieved a strong financial performance in the first half of 2026.  Our result was positively impacted by ongoing underlying demand for Cathay Pacific and Cathay Cargo, improved performance from HK Express, and stronger contributions from associates.  As a Group, we carried more passengers and cargo, and operated more flights compared with the first half of 2025.


“Having got off to a strong start in the first quarter, we faced a more challenging second quarter due to the situation in the Middle East and the resulting significant increase in jet fuel prices.  This resulted in our jet fuel costs almost doubling from the first quarter to the second quarter.  That we were able to achieve our first-half performance despite these circumstances is testament to the resilience we have built into our business in recent years.


“We have already committed around HK$150 billion in investments into our fleet, cabin and lounge products, and digital innovation. ​ This investment reflects our commitment to growing our business for the long term, contributing to the development of the Hong Kong international aviation hub and thereby leading to even greater opportunities for Cathay and Hong Kong as a whole.  Looking ahead in the next 10 years, we target to have 150 new aircraft join our fleet, and a network serving 150 destinations, if the market conditions are favourable. These aircraft would provide more capacity to support our growth plans and help build connectivity at our home hub.”


Cathay Group's H1 2026 Financial Results - Courtesy Cathay Group
Cathay Group's H1 2026 Financial Results - Courtesy Cathay Group

Cathay continues to elevate the guest experience both in the air and on the ground.  In addition to retrofitting more of their Boeing 777-300ER aircraft with its award-winning Aria Suite, new Premium Economy and refreshed Economy cabins, Cathay Pacific will introduce its all-new Aria Studio Business class and a new Economy cabin onboard their regional Airbus A330s by the end of this year.  The carrier is also enhancing their existing cabin products, including giving customers more legroom in the Economy cabins on its Airbus A321neo aircraft by removing some of the seats. ​


Cathay Cargo continues to strengthen their freighter fleet to support growth plans. This has included increasing their Airbus A350F freighter order to eight aircraft, and signing a lease agreement for an Airbus A330P2F (passenger-to-freight) converted freighter for Air Hong Kong, which will primarily operate freighter services for Cathay Cargo.


Additionally, Cathay has reopened their flagship Hong Kong lounge, ‘The Wing, First’ earlier this year, and will open its first ever lounge in New York when it moves into the newly redeveloped Terminal 6 at JFK, which is currently scheduled to open later this year.  Customers can also look forward to a redesigned lounge experience at ‘The Wing, Business’ in Hong Kong and the Cathay Pacific Lounge in Tokyo Narita in 2027.

 


Source: Cathay Group

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