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CATHAY PAC AIR Surges 7%+, Aiming for 100 Destinations This Yr w/ Flights to Rome Resuming This Summer
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CATHAY PAC AIR (00293.HK) opened 0.2% lower this morning but managed a rebound, once reaching an intraday high of $10.54 with a surge of 7.2%. It last soared 7% to $10.52, on a turnover of $286 million. Cathay Pacific announced yesterday that it will resume direct flights between Hong Kong and Rome on June 5. Operated as a three-times-weekly summer seasonal service, the Hong Kong-Rome route will be Cathay Pacific’s second direct connection between Hong Kong and Italy. The airline currently operates five return flights per week to Milan, increasing to daily this summer. In addition to Rome, Cathay Pacific is launching direct flights to Hyderabad in March, Dallas in April, Munich in June, and Brussels in August this year, while the group’s low-cost carrier HK Express is launching flights to Sendai in January. The two airlines project that they will operate passenger services to 100 destinations worldwide within 2025. AAStocks Financial News |
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