|Bid||12.740 x 0|
|Ask||12.760 x 0|
|Day's Range||12.720 - 12.860|
|52 Week Range||10.000 - 12.960|
|PE Ratio (TTM)||-87.40|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||11.16|
Hong Kong’s new leader Carrie Lam showed last week that bringing the mojo back to the territory’s once uniquely dynamic economy isn’t going to be easy. In her first policy address since coming into power in July, the chief executive acknowledged that “Hong Kong is facing increasingly grave challenges,” citing in particular competition from other economies. It was an echo of Chinese President Xi Jinping’s comment that Hong Kong’s traditional strengths are “losing their edge, while new drivers of growth have yet to emerge,” during his visit to the city in July.
Cathay Pacific Airways Ltd. is winning back stock investors as the carrier seeks to slash costs after its worst loss in more than 20 years. Having a friend in Goldman Sachs Group Inc. doesn’t hurt, either....
Singapore Airlines Ltd is pursuing more than 50 cost-cutting initiatives including reducing fuel burn and reviewing its relationship with key suppliers as part of a three-year plan to make the airline more competitive, a newsletter to staff shows. Both Singapore Airlines and Hong Kong-based rival Cathay Pacific Airways Ltd have come under pressure due to growing competition from Chinese and Middle Eastern rivals. Singapore Airline set up a dedicated transformation office to review its strategy in May after a surprise fourth-quarter loss although it not released a cost-cutting target.
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.
Cathay Pacific Airways Ltd., Asia’s biggest international carrier, is in talks with its pilots over compensation as it seeks to cut costs after reporting its worst half-half loss in at least two decades....
Shares in Air China (753.HK) slipped more than 4% in Hong Kong trading on Thursday after China’s flagship carrier posted weak first half earnings weighed down by higher operating costs and heavy losses ...
Cathay Pacific Airways said on Monday it has agreed to buy 32 new planes from Airbus Group (AIR.PA) at a list price of $4.06 billion, just a week after it posted its worst first-half loss in at least two decades as it continued to lose customers. The aircraft would be operated mainly by Cathay Dragon, the sister airline of Cathay Pacific, it said in a statement to the Hong Kong stock exchange. The aggregate consideration for the Airbus aircraft, as a result of negotiations between the two parties, will be lower than the list price, it added.
Cathay Pacific Airways said on Monday it has agreed to buy 32 new planes from Airbus Group at a list price of $4.06 billion, just a week after it posted its worst first-half loss in at least two decades as it continued to lose customers. The aircraft would be operated mainly by Cathay Dragon, the sister airline of Cathay Pacific, it said in a statement to the Hong Kong stock exchange. The aggregate consideration for the Airbus aircraft, as a result of negotiations between the two parties, will be lower than the list price, it added.
Cathay Pacific Airways Ltd. agreed to purchase 32 Airbus SE single-aisle jets in an order worth $4.1 billion as it seeks to upgrade and expand the fleet of its affiliate Cathay Dragon.
Cathay Pacific Airways Ltd., which was due to announce its earnings to the Hong Kong stock exchange around noon Wednesday, said the numbers will be available around 4:30 p.m. instead.
Could a merger between Air China (753.HK) and Hong Kong’s Cathay Pacific Airways (293.HK) be back on the horizon? Crucial Perspective analyst Corrine Png insists the possibility isn’t pie in the sky. The two airlines currently have a cross shareholding structure, whereby Air China owns 30% of Cathay and Cathay 18% of Air China.
Cathay Pacific Airways Ltd.’s operating environment remained challenging in the first half of the year, Chief Executive Officer Rupert Hogg said, dashing expectations of an early recovery for the carrier ...
Cathay Pacific Airways Ltd. agreed to buy out the stake owned by partner DHL International GmbH in a cargo venture as the premium Asian carrier revamps its operations as part of a three-year transformation ...