Cathay Pacific Airways Limited (Cathay Pacific or “the Group”) expects to report a consolidated profit attributable to shareholders of HK$6.00-6.50 billion for the six months ended 30 June 2026, up from HK$3.70 billion a year earlier. The preliminary figure incorporates a HK$1.40 billion gain from the dilution of its stake in Air China Limited. Final interim results are slated for release in August 2026 and remain subject to audit.

Traffic momentum remained solid in June despite persistently high jet-fuel prices:

1. Group performance • Passenger traffic: Cathay Pacific and HK Express jointly served more than 3.10 million travellers in June, a 9% year-on-year (YoY) increase. • Cargo volume: Cathay Cargo transported about 145,000 tonnes, also up 9% YoY, driven by strong flows from the Chinese Mainland to Southeast Asia and resilient shipments into Hong Kong.

2. Cathay Pacific mainline (June 2026 vs. June 2025) • Passengers carried grew 12% to 2.58 million. • Available Seat Kilometres (ASK) rose 6% to 12.23 billion, outpaced by an 8% rise in Revenue Passenger Kilometres (RPK) to 10.69 billion, lifting the passenger load factor 1.8 percentage points to 87.4%. • Year-to-date (YTD) passenger numbers climbed 17% to 16.01 million.

Cargo operations recorded a 9% increase in tonnage to 144,773 tonnes. Revenue Freight Tonne Kilometres (RFTK) advanced 4.6% against a 1.3% gain in capacity (AFTK), lifting the cargo load factor 1.9 percentage points to 60.4%. YTD cargo tonnage rose 8.5% to 868,931 tonnes.

3. HK Express • June passengers declined 4% YoY to 560,494 as capacity (ASK) was trimmed 7% following selective flight consolidation to offset higher fuel costs. • Passenger load factor improved five percentage points to 75.5%. • For the first half, passenger numbers increased 10% to 4.16 million, with load factor up two percentage points to 80.9%. Bookings for July are currently ahead of the prior year.

Management highlighted continued robust premium-cabin demand, solid corporate and leisure traffic, and resilient specialist cargo flows, notably in semiconductors and pharmaceuticals. The Group is monitoring potential effects from new EU low-value import duties on e-commerce shipments but anticipates healthy cargo demand to persist.

All figures are derived from unaudited internal management accounts and may be adjusted in the forthcoming interim results. Investors are advised to exercise caution when dealing in the company’s shares.