Cathay to announce increase in fuel surcharge soon: CEO Lam

Cathay Pacific Airways is expected to announce an increase in fuel surcharges in response to rising global oil prices, according to recent developments in the aviation sector. While the airline has not yet confirmed specific adjustments, industry trends and statements from company leadership indicate a likely move. Cathay Group chairman Patrick Healy highlighted the impact of geopolitical tensions on fuel costs and supply chains, noting that “ongoing supply chain disruption and cost inflation continue to impact delivery of new aircraft, cabin products and parts”.

Hong Kong Airlines became the first local carrier to raise fuel surcharges by up to 35.2% on March 12, citing soaring crude oil prices driven by Middle East conflicts. Other airlines, including Cathay Pacific, have established mechanisms to review surcharges monthly, with adjustments tied to jet fuel price movements. For example, Cathay’s short-haul fuel surcharge for tickets departing Hong Kong increased from HK$142 to HK$191 in January 2026, while long-haul surcharges rose from HK$569 to HK$767 according to recent data.

The airline’s profit growth of 9.5% to HK$10.82 billion in 2025, driven by cargo demand and capacity expansion, underscores its financial resilience amid challenges. However, Healy emphasized the need for agility in navigating volatile markets. Passengers are advised to monitor updates, as Cathay’s potential surcharge increase could add hundreds of dollars to round-trip fares, similar to adjustments by competitors. The decision will balance operational costs with efforts to maintain competitiveness in a turbulent industry.