Cathay Pacific (HKEX:293) shares continued their strong recovery from the August earnings slump , as September passenger data beat expectations.
293 – Weekly Chart
Cathay Pacific shares have rebounded from a low of HK$10.36 and are now targeting the HK$11.53 area. If market sentiment remains positive, the resistance level of HK$12.10 will be the next target.
Better-than-expected passenger numbers in September, typically a slow period for the travel industry, helped boost shares.
Commercial Director Lavinia Lau said:
“September is typically a quieter time for tourism after the peak summer season, but we still saw passenger growth compared to the same period last year. Cathay Pacific and HK Express carried a total of more than 2.7 million passengers, up 20% from September 2024.”
Ahead of the peak air cargo season, Cathay Cargo also recorded more than 130,000 tonnes of cargo, slightly higher than the same period last year.
“Cathay Pacific is also increasing flight frequencies to several major cities in mainland China, including Beijing, Guangzhou, Chengdu and Shanghai, this winter,” the airline said in a statement.
These positive figures could help Cathay Pacific shares maintain their upward momentum into the end of the year, especially in the context of the year-long trade truce between the US and China is helping to ease market concerns, creating favorable conditions for the stock to rise before institutions set up their investment portfolios in 2026.
