CATHAY PAC AIR Apr Pax. Traffic +17% YoY; Dubai, Riyadh Routes Suspended Until End-Aug

CATHAY PAC AIR (00293.HK) -0.080 (-0.663%) Short selling $9.81M; Ratio 14.634% announced that Cathay Pacific carried 17% YoY more passengers in April 2026, while Available Seat Kilometres (ASKs) increased by 15% YoY. In the first four months of 2026, the number of passengers carried increased by 19% YoY.Cathay Cargo carried 8% YoY more cargo in April 2026, while Available Freight Tonne Kilometres (AFTKs) increased by 7% YoY. In the first four months of 2026, the total tonnage increased by 8% YoY. CATHAY PAC AIR's Chief Customer and Commercial Officer Lavinia Lau said April continued to present a mixed picture. Travel demand was robust and passenger load factors were high driven by holiday and seasonal travel, while cargo volumes were healthy. However, jet fuel prices remained at highly elevated levels amidst the ongoing Middle East situation, increasing cost pressures. The company is remaining agile in its response and continue to monitor the developments closely. Looking ahead to the summer travel peak, Cathay Pacific and HK Express will maintain the integrity of its July and August flight schedules for its customers, business partners and the Hong Kong international aviation hub. In view of softened travel demand to the Middle East in the near term, it has taken the decision to extend the suspension of Cathay Pacific’s passenger services to Dubai and Riyadh until the end of August and redeploy the capacity to routes where customer demand is keen, such as Manchester and Rome. From a passenger capacity perspective, it remains on track to reach its 2026 growth target of around 10% despite the small number of cancellations announced previously for May and June. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-20 16:25.)