Fast Express' Loss Expanded to 999 Million Last Year, Hopes to Quickly Turn Profitable

SighingCashier · 2026-03-12T10:18:54+00:00

Cathay Pacific's subsidiary Hong Kong Express' losses expanded to 990 million yuan last year, mainly due to earthquake rumors affecting demand for travel to Japan and immature routes. Cathay Pacific Chief Executive Luo Shaopo stated that the timing of return to profitability is difficult to predict, but hopes to achieve profitability as soon as possible.

SighingCashier

2026-03-12 10:18:54

Abstract generation in progress

March 12, 2026

Fast Ferry’s Losses Expanded to 990 Million Last Year, Aiming for Profit Turnaround

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Cathay Pacific (00293) subsidiary Hong Kong Express’s net loss before finance costs and taxes last year increased from HKD 200 million in 2024 to HKD 990 million, mainly due to the impact of earthquake rumors reducing travel demand to Japan, several new routes not yet mature, and some aircraft experiencing Pratt & Whitney engine issues leading to grounding. When asked about when Hong Kong Express will return to profitability, Cathay CEO Augustus Tang said it is difficult to predict and depends on market conditions, but they hope to restore profitability as soon as possible. Hong Kong Express last year …

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