What was the impact of the Middle East situation on Hong Kong transit traffic?

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The Middle East situation led to an increase in transit traffic through Hong Kong for Cathay Pacific.

The Middle East situation positively impacted Cathay Pacific's passenger revenue by increasing transit traffic through Hong Kong. This surge in travellers choosing Hong Kong as a hub occurred during the second quarter of the year, as individuals sought alternative travel routes due to the ongoing conflict.
Increased Transit Traffic Boosted Passenger Revenue

Passenger revenue for Cathay Pacific saw a significant rise of 26.3 per cent, reaching HK$43.2 billion. This growth was primarily fuelled by strong underlying travel demand, which was further amplified by travellers rerouting through Hong Kong. The carrier explicitly cited the Middle East situation as a factor contributing to this increased transit volume.
Net Profit Surged Amidst Challenging Conditions

Despite the global geopolitical circumstances, Cathay Pacific reported a substantial 71 per cent surge in net profit for the first half of the year. The airline achieved a net profit of HK$6.2 billion (US$795 million) in the first six months. This performance was realised even as fuel costs nearly doubled between the first and second quarters, a consequence of the conflict that began in February.
Multiple Fuel Surcharge Hikes Implemented

In response to escalating operational costs, Cathay Pacific implemented multiple increases to its fuel surcharges. These adjustments were made following the outbreak of war in February, reflecting the airline's efforts to mitigate the impact of significantly higher jet fuel prices. The airline noted that the second quarter presented more challenges due to the Middle East situation and the consequent rise in fuel expenses.

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What was the impact of the Middle East situation on Hong Kong transit traffic?

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