|Bid||10.340 x 0|
|Ask||10.360 x 0|
|Day's Range||10.260 - 10.440|
|52 Week Range||9.270 - 14.140|
|Beta (5Y Monthly)||1.09|
|PE Ratio (TTM)||17.38|
|Earnings Date||Mar 11, 2020|
|Forward Dividend & Yield||0.38 (3.66%)|
|Ex-Dividend Date||Sep 04, 2019|
|1y Target Est||14.01|
SHANGHAI/HONG KONG, Jan 22 (Reuters) - Companies across China are handing out masks and warning staff to avoid the central Chinese city of Wuhan amid fears that the new flu-like coronavirus will rapidly spread with much of population embarking on travel for Lunar New Year holidays. Firms from Foxconn to Huawei Technologies and HSBC Holdings have issued advisories, while the government has urged members of the public to be extra careful if showing symptoms of a fever or a cold and has asked travel and other companies to accommodate people who might be affected. At Foxconn's Lunar New Year party on Wednesday, founder Terry Gou advised Taiwan-based employees not to visit mainland China during the week-long holiday period.
BEIJING/SHANGHAI, Jan 22 (Reuters) - Deaths from China's new virus rose to 17 on Wednesday with more than 540 cases confirmed, increasing fears of contagion from an infection suspected to originate from illegally-traded wildlife. The previously unknown, flu-like coronavirus strain is believed to have emerged from an animal market in central Wuhan city, with cases now detected as far away as the United States.
Hong Kong's Cathay Pacific Airways Ltd will allow cabin crew to wear a surgical mask while operating mainland China flights due to concerns over a new coronavirus, and passengers to Wuhan to change or cancel flights without charge through Feb. 15. The airline's flight attendant had on Tuesday called for permission to wear masks on all flights globally as cases have also been confirmed in the United States, Thailand, South Korea, Japan and Taiwan. The coronavirus outbreak, which began in the central Chinese city of Wuhan, struck as millions of Chinese prepared to travel for the Lunar New Year, heightening contagion risks.
Hong Kong's Cathay Pacific Airways Ltd will allow all crew members and frontline employees to wear surgical masks due to concerns over a new coronavirus, and said passengers to and from Wuhan, China, could change or cancel flights for free through Feb. 15. The airline had earlier said only cabin crew operating mainland China flights could wear masks, in response to the airline's flight attendants calling for permission to wear masks on all flights globally as cases have also been confirmed in the United States, Thailand, South Korea, Japan and Taiwan.
Hong Kong leader Carrie Lam sought on Tuesday to convince global business and political leaders at the World Economic Forum in Davos that the Asian financial hub is open for business. Hong Kong's status has come under scrutiny as seven months of sometimes violent demonstrations paralysed parts of the city and forced businesses to close, posing the gravest popular challenge to Chinese President Xi Jinping since he took power in 2012. Lam and "Team HK", including its trade secretary, top officials from the stock exchange, airport authority, MTR Corp and the head of Swire Group, are in the Swiss mountain resort after Moody's this week downgraded Hong Kong.
For Hong Kong leader Carrie Lam the World Economic Forum in Davos is a chance to convince global business and political leaders that the Asian financial hub is back on track. After more than seven months of turmoil Hong Kong's status as a financial centre has come under scrutiny as sometimes violent demonstrations paralysed parts of the city and forced businesses to close, posing the gravest popular challenge to Chinese President Xi Jinping since he took power in 2012. Lam and "Team HK", including its trade secretary, top officials from the stock exchange, airport authority, MTR Corp and the head of Swire Group, are in the Swiss mountain resort two days after another violent clash and more are planned for the weekend of her return.
Interest is growing in a new industry certification program for handling and transport by air of perishable goods, according to the International Air Transport Association. The trade organization launched the Center of Excellence for Independent Validators (CEIV) Fresh last March as a way to standardize procedures and best practices to globally meet exacting customer and regulatory requirements for fast transit and temperature management. Perishable goods are a growth area, with higher profit margins, for an air cargo industry that is experiencing an overall slump in volumes.
Today we are going to look at Cathay Pacific Airways Limited (HKG:293) to see whether it might be an attractive...
Investing.com - Chinese conglomerate HNA Group has received an HK$4.4 billion ($568 million) loan from state-owned banks, but it is not confirmed yet whether the money will go to its failing Hong Kong Airlines.
Hong Kong carrier Cathay Pacific Airways Ltd plans to cut passenger flight capacity by 1.4% next year, reversing an earlier plan for a boost of 3.1% because of a challenging business outlook, an internal memo reviewed by Reuters showed. The capacity reduction follows Cathay Pacific cutting its second-half profit guidance earlier this month, the second cutback in less than a month, because of anti-government protests that began in Hong Kong in June that have discouraged travel to the city. "Given the immediate commercial challenges and the fact that our position has deteriorated in recent weeks, we must take swift action to adjust our budget operating plan for 2020 downwards again," Chief Executive Augustus Tang said in the memo.
Investing.com - Chinese conglomerate HNA Group’s Hong Kong Airlines has has to delay salaries for some of its staff as its business has been “severely affected” by unrest in Hong Kong, the airline said in a statement released on Friday.
Airlines that fly to and from Hong Kong will be able to keep their prized airport slots even if they temporarily cut capacity due to weak travel demand through March, according to the Hong Kong Civil Aviation Department. Many airlines, including flagship home carrier Cathay Pacific Airways Ltd, South African Airways and Malaysia's AirAsia Group Bhd have cut flights to and from Hong Kong temporarily as a result of sometimes violent anti-government protests that have led to a sharp fall in tourist and business travel demand.
In addition to delaying the arrival of three A321neos at regional arm Cathay Dragon and one A320neo at budget carrier HK Express, it said it would retire one Boeing Co 777-300ER and one Cathay Dragon A320 earlier than expected. Months-long anti-government protests paralysed parts of Hong Kong again on Thursday, forcing school closures and blocking highways and other transport links amid a marked escalation of violence.
Hong Kong's Cathay Pacific Airways Ltd said on Thursday it would defer the delivery of four Airbus SE narrowbodies in 2020 as it cuts capacity to deal with falling demand due to anti-government protests in its home city. In addition to delaying the arrival of three A321neos at regional arm Cathay Dragon and one A320neo at budget carrier HK Express, it said it would retire one Boeing Co 777-300ER and one Cathay Dragon A320 earlier than expected.
Is Cathay Pacific Airways Limited (HKG:293) a good dividend stock? How can we tell? Dividend paying companies with...
The airline said passenger numbers fell 7% in October and it now expected second-half profit to be "significantly below" the first half's HK$1.347 billion ($172.04 million), in a step up from the wording "below" used last month. Hong Kong anti-government protesters on Wednesday paralysed parts of the Asian financial hub for a third consecutive day, with some transport links, schools and many businesses closing after an escalation of violence. "Overall we foresee a challenging remainder of 2019 for our airlines," Cathay Chief Customer and Commercial Officer Ronald Lam said in a statement on Wednesday.
Hong Kong's Cathay Pacific Airways Ltd said on Friday it would allocate half of its order for 32 Airbus SE A321neos to its recently-acquired low-cost carrier HK Express as it looks to grow in the budget market. The flagship Hong Kong airline has taken a financial battering from a fall in demand due to months of sometimes violent pro-democracy protests in the Asian financial capital, and last month lowered its full-year profit guidance. Cathay plans to maintain its A321neo delivery schedule, with the first of the planes being delivered next year.
Cathay Pacific Airways Ltd has shelved plans for its first U.S. dollar debt deal in 23 years, the airline said on Friday, after sources told Reuters that global investors had baulked at the pricing due to civil unrest in Hong Kong. Cathay had started meeting investors in Hong Kong and Singapore on Sept. 24 after it mandated four banks to explore carrying out a U.S. dollar denominated bond, according to a term sheet issued at the time, seen by Reuters. It would have been the first U.S. dollar debt deal for Cathay since 1996 and had been touted as a landmark transaction for the airline given all of its debt is denominated in Hong Kong dollars.
Staff at Cathay Pacific Airways , Hong Kong's flagship airline, are on edge. Since an Aug.9 directive by the Civil Aviation Authority of China (CAAC) that called for the suspension of staff who supported or participated in the demonstrations, the regulator has rejected some entire crew lists without explanation, two sources with knowledge of the matter told Reuters. The rejections have forced Cathay to scramble, pulling pilots and flight attendants off standby while it investigates social media accounts in an effort to determine which crew member has been deemed a security threat, one of the sources said.