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CX Swells 6% to Hit Over-7.5-yr High as Full-yr Results Expected to Surpass 2024 Results
2025-12-23 09:53:10 CATHAY PAC AIR (00293.HK) anticipated strong 2H25 results, with full-year financial results expected to exceed last year's solid performance. The news boosted its share price by 1.16% at open today (23rd). The stock expanded its gain to a peak of $12.82, setting an over-7.5-year high. It last printed at $12.75, swelling 6.07%, with a trading volume of 8.2233 million shares, involving $103 million. The second half of the year is expected to be stronger than the first half of the year, benefiting from increased capacity, solid passenger load factors and resilient cargo demand, CATHAY PAC AIR stated. Meanwhile, a non-recurring gain of approx. $900 million on a settlement agreement was recorded in 2H25. However, CATHAY PAC AIR added that the above favorable factors are partially offset by losses made by HK Express due to a various factors that negatively impacted travel demand to Japan. ~ AASTOCKS Financial News Website: www.aastocks.com | |