Cathay Pacific Airways Ltd. announced a decrease in profits, citing high fuel costs as a primary factor. The airline’s financial results reflect the impact of volatile fuel prices on the aviation sector.

Key Factors Affecting Profitability

• Fuel Costs: The airline highlighted the significant burden of fuel expenses, which have remained elevated throughout the reporting period.
• Competition: Increased competition from other airlines has also put pressure on fares and profitability.
• Economic Conditions: Global economic uncertainty has contributed to a slowdown in passenger and cargo demand.

Outlook

Cathay Pacific anticipates continued challenges in the coming months, with fuel prices and economic conditions remaining key areas of concern. The airline is implementing cost-saving measures and focusing on improving operational efficiency to mitigate these challenges.