Cathay Pacific Airways reported marginal full-year profit growth on Wednesday, but airfares fell because of intense competition as Asia's airlines continue to restore seat capacity after the pandemic.

Cathay Pacific Airways on Wednesday reported marginal full-year profit growth as airfares fell amid intense competition at a time when Asia's

Cathay Pacific saw cargo revenues, volumes and yields increase last year, although the company is "cautiously monitoring" the impact of geopolitical developments

Hong Kong's Cathay Pacific Airways reported marginal full-year profit growth on Wednesday, but airfares fell because of intense competition as Asia's airlines continue to restore seat capacity after the pandemic.

Cathay Pacific Airways (HK:0293) posted a slight increase in annual profit for 2024, fueled by strong travel demand but tempered by rising costs and normalizing ticket prices. The airline reported a 1% year-on-year