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<Research>UBS: CATHAY PAC AIR Records Strong Pax Traffic Demand in Mar, but Fuel Costs Surge; Rating Kept at Buy
CATHAY PAC AIR (00293.HK) recorded a strong rebound in both passenger and cargo demand in March 2026, UBS published a research report saying. Of which, benefiting from disruptions ...
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<Research>UBS: CATHAY PAC AIR Records Strong Pax Traffic Demand in Mar, but Fuel Costs Surge; Rating Kept at Buy
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CATHAY PAC AIR (00293.HK)  +0.130 (+1.094%)    Short selling $36.52M; Ratio 26.813%   recorded a strong rebound in both passenger and cargo demand in March 2026, UBS published a research report saying.

Of which, benefiting from disruptions in the Middle East, the full-service carrier posted a 22% YoY hike in passenger traffic (RPK), significantly outpacing capacity growth of 9%, driving passenger load factor (PLF) to an all-time new high of 92.2%.

Related News HSBC Research: Cathay Pacific Airways (00293.HK) Sees Strong Passenger Demand in Mar but Fuel Costs Pose Pressure; Reiterates Buy Rating
Management expected demand to remain strong in April, supported by Easter holiday travel and increased bookings on long-haul routes.

Despite robust passenger and cargo demand, jet fuel prices have surged from US$99.4 per barrel at end-February to US$197.8 in early April, UBS noted.

However, UBS believed that CATHAY PAC AIR is relatively well positioned among Asia-Pacific airlines, with its full-service carrier segment possessing stronger pricing power, accounting for about 62% of the Group's 2025 revenue.

Therefore, the broker rated CATHAY PAC AIR at Buy, with a target price of $14.9.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-21 16:25.)

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