Business Segments Cathay Pacific Airways Limited

Equities

293 HK0293001514

Airlines

Market Closed - Hong Kong S.E. Other stock markets 03:08:09 2026-02-13 EST			5-day change	1st Jan Change
12.85 ^HKD	-0.93%		+2.23%	+3.38%

01-21	Pacific Airways Limited Reports Group Traffic Results for the Month and Year to Date Ended December 2025	CI
01-14	Cathay Pacific Airways Announces Lower Fuel Surcharge on Flights	MT

Sales 2024 by Business Segment

Sales 2024 by Geography

Historical Breakdown of Revenue by Business Segments

Net Income: Breakdown by Business Segment

Breakdown by Business Segment (HKD)

Fiscal Period: December	2020	2021	2022	2023	2024
Commercial Airlines
Cathay Pacific	-	42.18B	46.38B	85.34B	94.74B
Interest Expense	-	-1.97B	-1.99B	-1.55B	-1.95B
Income Tax Expense	-	-184M	1.02B	827M	1.17B
CAPEX	-	-2.16B	-6.96B	-8.89B	-10.04B
EBT	-	-1.91B	2.48B	12.17B	10.96B
D&A	-	11.22B	10.76B	10.93B	10.72B
Operating Income	-	1.22B	4.47B	13.71B	12.92B
Net Income	-	-1.73B	1.46B	11.34B	9.8B
HK Express	861M	20M	692M	5.6B	6.32B
Interest Expense	-274M	-328M	-389M	-360M	-250M
Income Tax Expense	-213M	-197M	-271M	57M	-54M
CAPEX	-329M	-56M	-64M	-121M	-207M
EBT	-1.94B	-2.18B	-1.63B	490M	-454M
D&A	901M	869M	744M	745M	700M
Operating Income	-1.66B	-1.81B	-1.24B	850M	-204M
Net Income	-1.72B	-1.98B	-1.36B	433M	-400M
Cathay Pacific and Cathay Dragon	42.73B	-	-	-	-
Interest Expense	-2.31B	-	-	-	-
Income Tax Expense	-475M	-	-	-	-
CAPEX	-5B	-	-	-	-
EBT	-17.87B	-	-	-	-
D&A	12.76B	-	-	-	-
Operating Income	-10.36B	-	-	-	-
Net Income	-17.39B	-	-	-	-
Airline Business	-	-	-	-	-
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
CAPEX	-	-	-	-	-
EBT	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Net Income	-	-	-	-	-
Airports and Airport Terminal Services
Airline Services	2.65B	2.35B	2.45B	3.86B	5.1B
Interest Expense	-308M	-328M	-531M	-835M	-861M
Income Tax Expense	3M	-24M	-13M	2M	3M
CAPEX	-84M	-58M	-60M	-57M	-165M
EBT	-2.03B	-882M	-1.14B	-1.2B	-603M
D&A	758M	693M	685M	642M	633M
Operating Income	-539M	-554M	-613M	-363M	258M
Net Income	-2.04B	-859M	-1.13B	-1.2B	-606M
Charter Freight Air Transportation
Air Hong Kong	2.96B	3.16B	3.55B	3.45B	3.39B
Interest Expense	-	-1M	2M	8M	7M
Income Tax Expense	137M	149M	153M	154M	157M
CAPEX	-1M	-	-2M	-	-1M
EBT	852M	897M	929M	932M	964M
D&A	6M	5M	5M	6M	5M
Operating Income	852M	898M	927M	924M	957M
Net Income	715M	748M	776M	778M	807M
Corporate	-	-	-	-	-
EBT	-	-	-	-	-
Net Income	-	-	-	-	-
Inter-Segment Sales	-2.26B	-2.13B	-2.03B	-3.77B	-5.17B
EBT	-	-	-	-	-
Net Income	-	-	-	-	-
Income Tax Expense	-126M	-275M	-384M	28M	43M
EBT	-1.34B	-1.98B	-6.68B	-1.53B	331M
Net Income	-1.21B	-1.71B	-6.29B	-1.56B	288M

Geographical Revenue Distribution History

Geographical breakdown of sales (HKD)

Fiscal Period: December	2020	2021	2022	2023	2024
Chinese Mainland, Hong Kong and Taiwan	-	-	34.46B	57.44B	61.44B
Americas	3.94B	3.17B	4.48B	12.46B	14.62B
Europe	2.65B	1.4B	2.84B	8.25B	8.25B
Southeast Asia	3.69B	4.48B	4.14B	5.76B	6.82B
Southwest Pacific	1.53B	812M	1.22B	4.31B	5.42B
Japan and Korea	-	-	2.54B	3.84B	4.25B
South Asia, Middle East and Africa	2.39B	1.49B	1.38B	2.44B	3.58B
India, Middle East and Sri Lanka	-	-	-	-	-
Southwest Pacific and South Africa	-	-	-	-	-
Japan, Korea and Taiwan	3.17B	3.51B	-	-	-
Hong Kong and The Chinese Mainland	29.57B	30.72B	-	-	-