HK Stock Market Move | Cathay Pacific Airways (00293) fell more than 9% in the afternoon, with a slight increase of 1.1% in net profit in the first half of the year compared to the same period last year. The interim dividend is 20 Hong Kong cents per share.

CATHAY PAC AIR (00293) fell more than 9% in the afternoon, dropping 8.99% to HK$10.93 as of the time of writing, with a turnover of HK$1.88 billion. On the news front, CATHAY PAC AIR released its mid-term performance for 2025 during lunchtime, with a group income of HK$54.309 billion, an increase of 9.5% year-on-year; a net profit attributable to shareholders of HK$3.651 billion, an increase of 1.1% year-on-year; and a mid-term dividend of 20 HK cents per share. The announcement stated that its wholly-owned low-cost airline, Hong Kong Express, recorded a net loss of HK$524 million in the first half of the year, excluding financial expenses and pre-tax losses, compared to a profit of HK$66 million in the same period last year. This was mainly due to passengers avoiding traditional popular destinations like Japan temporarily due to rumors of earthquakes, as well as the time needed for new routes to mature. In addition, Cathay Pacific announced the exercise of the purchase rights under the 2013 subscription agreement to buy 14 Boeing 777-9 aircraft, while also obtaining additional subscription rights for up to 7 more aircraft of the same model. The basic price of the 14 aircraft is approximately USD 8.1 billion, equivalent to around HK$63.2 billion, with the manufacturer providing significant price discounts, resulting in an expected lower actual cost compared to the basic price mentioned above.