Cathay stock sinks as costs dent earnings from passenger bounce

Budget unit HK Express in red after Japan quake rumors; Trump tariffs hit cargo

20250806 Hong Kong Express and Cathay Pacific

Passenger numbers were sharply higher for Cathay Pacific Airways in the first half, but its operating profit declined and its low-cost unit HK Express slipped to a net loss. © Reuters

KENJI KAWASE

TOKYO -- Cathay Pacific Airways on Wednesday reported nearly double-digit revenue growth for the first half of the year, thanks to a strong recovery in passenger travel. But investors recoiled as rising expenses weighed on its operating profit.

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