HKSE - Delayed Quote HKD

Cathay Pacific Airways Limited (0293.HK)

8.320

+0.050

(+0.60%)

As of 10:22 AM GMT+8. Market Open.

Is Cathay Pacific Airways (CPCAY) Stock Outpacing Its Transportation Peers This Year?

Here is how Cathay Pacific Airways Ltd. (CPCAY) and Golden Ocean Group (GOGL) have performed compared to their sector so far this year.

Zacks last month

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Cathay Pacific Airways (CPCAY) Is a Great Choice for 'Trend' Investors, Here's Why

Cathay Pacific Airways (CPCAY) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

Zacks last month

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Auto & Transport Roundup: Market Talk

Read about Transat, BMW, Hapag-Lloyd and more in the latest Market Talks covering the Auto and Transport sector.

The Wall Street Journal last month

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Cathay Pacific Posts First Annual Profit Since Pandemic

Cathay Pacific Airways posted its first annual profit since 2019, fueled by a rebound in travel demand as China fully reopened its borders.

The Wall Street Journal last month

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Cathay signals rebound from COVID with first profit, dividend since 2019

HONG KONG (Reuters) -Cathay Pacific reported its first annual profit in four years as the airline left behind the pandemic-linked restrictions that drove heavy losses and layoffs, pushing its shares to a four-year high. Hong Kong's flagship airline said on Wednesday it earned a net profit of HK$9.79 billion ($1.25 billion) in 2023, above the average HK$8.67 billion estimated in an LSEG survey of nine analysts and the highest since the HK$14 billion made in 2010. Cathay said it would pay its first dividend since 2019, which brokerage Jefferies said was the "key surprise" in the results.

Reuters last month

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Cathay Pacific needs to address capacity issues, Hong Kong leader says

Plans by Hong Kong's Cathay Pacific Airways to slash flights during the busy Lunar New Year period show the airline needs to address its capacity problems, the city's leader said, while its pilot union called for a government enquiry. Cathay will cut a dozen flights a day on average until the end of February due to stretched operations, the airline said on Sunday, aiming to avoid cancellations as the Lunar New Year travel season approaches. John Lee said Hong Kong's government was "very concerned" about the situation and had already communicated with Cathay's management to ensure passengers suffer minimal inconveniences.

Reuters 3 months ago

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Cathay Pacific in market for new mid-sized widebody planes

Hong Kong's Cathay Pacific Airways said on Thursday it was evaluating options for new orders of mid-sized widebody aircraft, after a recent run of purchases to renew its fleet. Bloomberg on Wednesday reported Cathay had issued a so-called request for information from Airbus and Boeing for new aircraft to replace some of its older mid-sized widebody jets, representing the first step in a possible purchase process. "We are evaluating options for a versatile, mid-sized widebody aircraft that can undertake a range of missions and grow our passenger and cargo business," Cathay said in a statement to Reuters.

Reuters 3 months ago

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Cathay Pacific places order for 6 Airbus A350 freighters

Airbus beat out Boeing for Cathay Pacific’s order of new heavy freighters. The post Cathay Pacific places order for 6 Airbus A350 freighters appeared first on FreightWaves.

FreightWaves 4 months ago

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UPDATE 2-Cathay Pacific chooses Airbus over Boeing for freighter order

Hong Kong's Cathay Pacific Airways said on Friday it has placed a firm order to purchase six Airbus A350 freighters with a list price of $2.71 billion, as it replaces its ageing Boeing 747 cargo jets. Cathay, which has six older model 747-400ERFs and 14 newer 747-8Fs expects the six A350s to be delivered from 2027 and by the end of 2029, it said in a statement. Under the deal, Cathay has also secured the right to acquire 20 more A350 freighters.

Reuters 4 months ago

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Cathay Pacific chooses Airbus over Boeing for freighter order

Cathay Pacific Airways will buy six Airbus A350 freighters, as it replaces its ageing Boeing 747 cargo jets.

Reuters 4 months ago

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UPDATE 2-Cathay favouring Airbus for widely watched freighter deal - sources

Cathay Pacific Airways Ltd is leaning towards placing an order for around six Airbus A350 freighters as the Hong Kong carrier renews the oldest section of its fleet of dedicated 747 cargo jets, industry sources said. If confirmed, the selection marks a bounce back for the Airbus freighter after Cathay earlier this year appeared to favour the competing Boeing 777-8F, before postponing a decision for several months, said the sources, speaking on condition of anonymity to discuss confidential matters.

Reuters 4 months ago

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Cathay favouring Airbus for widely watched freighter deal - sources

If confirmed, the selection marks a bounce back for the Airbus freighter after Cathay earlier this year appeared to favour the competing Boeing 777-8F, before postponing a decision for several months, said the sources, speaking on condition of anonymity to discuss confidential matters. "We will continue to evaluate what potential new-generation freighters may provide additional capacity and generate value for our customers and shareholders, and we remain open to all possibilities," a Cathay Pacific spokesperson said by email.

Reuters 4 months ago

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UPDATE 1-Cathay Pacific buys 32 Airbus A321-200neo aircraft for $4.66 bln

Hong Kong's Cathay Pacific Airways said on Friday it had purchased 32 Airbus A321-200neo aircraft from Airbus for a basic price of $4.66 billion. The deal follows an agreement between an Airbus unit and the aircraft acquisition facilitators of Hong Kong's flagship carrier in September 2017. Cathay expects the aircraft to be delivered by the end of 2029, and expand the fleet capacity of Hong Kong Express, one of its units.

Reuters 6 months ago

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Cathay Pacific buys 32 Airbus A321-200neo aircraft for $4.66 billion

The deal follows an agreement between an Airbus unit and the aircraft acquisition facilitators of Hong Kong's flagship carrier in September 2017. Cathay expects the aircraft to be delivered by the end of 2029, and expand the fleet capacity of Hong Kong Express, one of its units.

Reuters 6 months ago

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The 3 Best Airline Stocks to Buy Now: September 2023

The airline industry has been one of the hardest hit sectors by the COVID-19 pandemic, as travel restrictions and lockdowns severely reduced the demand for air travel. Many airlines suffered huge losses, cut costs, laid off staff and sought government support to survive the crisis. Since then, as countries across the globe pursued reopening efforts, the airline industry began to show clear signs of recovery. Starting in 2021 and extending further into 2022, travel demand rebounded dramatically,

InvestorPlace 7 months ago

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Cathay Pacific clears about $38 million payment dues on preference share dividends

The airline had, in June, said it would pay the deferred dividend of HK$1.5 billion on the preference shares held by the Hong Kong SAR (HKSAR) government on June 30. The payment decision comes as the global air travel industry recovers from border closures and other disruptions cause by the pandemic. Hong Kong's flagship carrier is close to 60% of pre-pandemic passenger flight capacity with strong performance in its cargo business to continue throughout the second half of this year, it said in the release of its monthly traffic on the stock exchange.

Reuters 8 months ago

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UPDATE 1-Cathay announces plans to buy 32 new single-aisle Airbus aircraft

Hong Kong's Cathay Pacific Airways on Thursday said it intends to purchase up to 32 Airbus A321neo and A320neo aircraft to invest and upgrade its fleet, bringing the carrier's new aircraft deliveries to up to more than 70. Cathay on Wednesday flagged that it would be taking delivery of 32 new single-aisle Airbus aircraft by 2029 without revealing whether the aircraft would be bought or leased. The new aircraft will join the fleets of Cathay Pacific by 2029 and is expected to cover destination routes in the Chinese Mainland and elsewhere in Asia, Cathay added.

Reuters 8 months ago

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Cathay announces plans to buy 32 new single-aisle Airbus aircraft

"These aircraft feature the latest technological enhancements to provide a quieter, more comfortable, and more fuel-efficient journey for our customers," Cathay Group Chief Executive Officer Ronald Lam said. Cathay on Wednesday flagged that it would be taking delivery of 32 new single-aisle Airbus aircraft by 2029 without revealing whether the aircraft would be bought or leased. The new aircraft will join the fleets of Cathay Pacific by 2029 and is expected to cover destination routes in the Chinese Mainland and elsewhere in Asia, Cathay added.

Reuters 8 months ago

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Cathay reaffirms plan to buy 32 new single-aisle Airbus aircraft

Hong Kong's Cathay Pacific Airways on Thursday reaffirmed its commitment to purchase up to 32 new single-aisle Airbus aircraft to remodel its fleet, bringing the carrier's new aircraft deliveries to more than 70. Cathay intends to purchase up to 32 Airbus A321neo and A320neo aircraft as it continues to plough money into the Hong Kong international aviation hub, the company said. The new aircraft will join the fleets of Cathay Pacific and HK Express upon completion of their deliveries by 2029, covering destination routes in the Chinese Mainland and elsewhere in Asia, Cathay added.

Reuters 8 months ago

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Cathay Pacific cargo boosted by rehabilitation of passenger network

Cathay Pacific is rebuilding its passenger network after a three-year pandemic freeze, and the network effect is greatly benefiting the freighter operation. The post Cathay Pacific cargo boosted by rehabilitation of passenger network appeared first on FreightWaves.

FreightWaves 8 months ago

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Performance Overview

Return	0293.HK	HANG SENG INDEX
YTD	+7.14%	+2.99%
1-Year	+15.19%	-10.51%
3-Year	+26.71%	-39.62%

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Cathay Pacific Airways Limited (0293.HK)

Is Cathay Pacific Airways (CPCAY) Stock Outpacing Its Transportation Peers This Year?

Cathay Pacific Airways (CPCAY) Is a Great Choice for 'Trend' Investors, Here's Why

Auto & Transport Roundup: Market Talk

Cathay Pacific Posts First Annual Profit Since Pandemic

Cathay signals rebound from COVID with first profit, dividend since 2019

Cathay Pacific needs to address capacity issues, Hong Kong leader says

Cathay Pacific in market for new mid-sized widebody planes

Cathay Pacific places order for 6 Airbus A350 freighters

UPDATE 2-Cathay Pacific chooses Airbus over Boeing for freighter order

Cathay Pacific chooses Airbus over Boeing for freighter order

UPDATE 2-Cathay favouring Airbus for widely watched freighter deal - sources

Cathay favouring Airbus for widely watched freighter deal - sources

UPDATE 1-Cathay Pacific buys 32 Airbus A321-200neo aircraft for $4.66 bln

Cathay Pacific buys 32 Airbus A321-200neo aircraft for $4.66 billion

The 3 Best Airline Stocks to Buy Now: September 2023

Cathay Pacific clears about $38 million payment dues on preference share dividends

UPDATE 1-Cathay announces plans to buy 32 new single-aisle Airbus aircraft

Cathay announces plans to buy 32 new single-aisle Airbus aircraft

Cathay reaffirms plan to buy 32 new single-aisle Airbus aircraft

Cathay Pacific cargo boosted by rehabilitation of passenger network

Performance Overview