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.

The airline said its annual net profit rose slightly but flagged the potential threat that trade conflicts pose to supply chains in the industry.

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