Cathay Pacific Earnings: High Costs and Weaker Profitability Lags Expectations; FVE Reduced by 9%

Cathay Pacific reported first-half 2025 revenue of HKD 54.3 billion, a 9.5% year-on-year increase. Operating profit came in at HKD 5.9 billion, broadly unchanged from a year ago, as incremental costs associated with higher volumes offset the benefits of top‑line expansion.