|Bid||11.640 x 0|
|Ask||11.660 x 0|
|Day's Range||11.600 - 11.740|
|52 Week Range||10.000 - 12.960|
|PE Ratio (TTM)||-79.73|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Airbus SE’s newest wide-body jet lost more orders as Cathay Pacific Airways Ltd. switched a contract for six A350-1000s to the smaller -900 variant and deferred delivery of five more by a year.
Hong Kong airline Cathay Pacific Airways Ltd will defer deliveries of five Airbus SE (AIR.PA) widebody aircraft by a year and switch six others to a smaller model as it finalised an order for 32 narrowbody aircraft, it said on Wednesday. It announced a non-binding deal to buy 32 Airbus A321neo aircraft valued at $4.064 billion at list prices on Aug. 21. Cathay also said on Wednesday it would switch six orders for A350-1000s to the smaller A350-900 model, saving $288 million based on list prices.
Hong Kong Airlines, part-owned by Chinese conglomerate HNA Group, plans to target business travelers from small and medium sized companies as it launches new long haul routes to North America and Europe, its vice chairman said on Wednesday. Hong Kong Airlines and sister budget carrier Hong Kong Express Airways have been expanding rapidly in a challenge to Hong Kong's dominant airline, Cathay Pacific Airways , which has a strong grip on the corporate market. Last month, Cathay reported its worst first-half loss in at least 20 years after competition cut fares.