Cathay Pacific profit rises, plans 10% capacity boost despite geopolitical challenges


People watch as a Cathay Pacific passenger plane prepares to land at Hong Kong's international airport. AFP PHOTO / DALE DE LA REY

HONG KONG: Cathay Pacific Airways said on Wednesday it would lift capacity by 10% this year but remain agile as it faces challenges such as the Middle East conflict leading to shifts in passenger and cargo traffic and volatile jet fuel prices.

The growth forecast was made as Hong Kong's flagship airline posted a 9.5% rise in full-year profit driven by higher passenger numbers and robust cargo demand.

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