Cathay Pacific posts strong profit growth and revises seats and fees amid fuel cost hikes

Cathay Pacific Airways forecast first‑half net profit of HK$60‑65 billion, a year‑on‑year increase of about 62%‑76%, driven by robust passenger and cargo demand and a gain from its reduced stake in Air China. The carrier benefitted from Middle‑East travel disruptions, routing passengers to its services, while hedging about 30% of its jet‑fuel needs helped offset a sharp rise in oil prices linked to the Iran conflict.

The airline also announced a redesign of its regional Airbus A321neo fleet, removing seven economy seats to expand legroom to at least 31 inches and installing larger lavatories. From 1 August, Cathay will raise its passenger fuel surcharge, increasing long‑haul fees to HK$1,362 (+41%) and short‑haul Hong Kong‑to‑China fees by up to HK$198 (+20%).