0293.HK - Cathay Pacific Airways Limited

HKSE - HKSE Delayed Price. Currency in HKD
10.380
-0.440 (-4.07%)
At close: 4:08PM HKT
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Previous Close10.820
Open10.800
Bid10.360 x 0
Ask10.380 x 0
Day's Range10.220 - 10.800
52 Week Range9.270 - 14.140
Volume8,070,700
Avg. Volume2,259,805
Market Cap40.833B
Beta (5Y Monthly)1.09
PE Ratio (TTM)17.42
EPS (TTM)0.596
Earnings DateMar 11, 2020
Forward Dividend & Yield0.38 (3.51%)
Ex-Dividend DateSep 04, 2019
1y Target Est14.01
  • Reuters

    DAVOS-Hong Kong's Lam in Davos charm drive as protests persist

    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.

  • Benzinga

    More Air Transport Companies Seek Certification For Perishable Logistics

    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.

  • Why Cathay Pacific Airways Limited’s (HKG:293) Use Of Investor Capital Doesn’t Look Great
    Simply Wall St.

    Why Cathay Pacific Airways Limited’s (HKG:293) Use Of Investor Capital Doesn’t Look Great

    Today we are going to look at Cathay Pacific Airways Limited (HKG:293) to see whether it might be an attractive...

  • Investing.com

    Hong Kong Airlines' Owner HNA Gets $568 Million Loan

    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.

  • Cathay Pacific cuts 2020 capacity plan as Hong Kong unrest continues
    Reuters

    Cathay Pacific cuts 2020 capacity plan as Hong Kong unrest continues

    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

    Hong Kong Airlines Delay Salaries Due to Unrest in Hong Kong

    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.

  • Reuters

    Hong Kong to allow airlines to keep airport slots despite cutting capacity

    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.

  • Hong Kong's Cathay defers delivery of four Airbus planes as demand falls
    Reuters

    Hong Kong's Cathay defers delivery of four Airbus planes as demand falls

    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.

  • Reuters

    UPDATE 3-Hong Kong's Cathay defers delivery of 4 Airbus planes as demand falls

    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 Smart Pick For Income Investors?
    Simply Wall St.

    Is Cathay Pacific Airways Limited (HKG:293) A Smart Pick For Income Investors?

    Is Cathay Pacific Airways Limited (HKG:293) a good dividend stock? How can we tell? Dividend paying companies with...

  • Cathay Pacific cuts profit guidance for second time amid Hong Kong protests
    Reuters

    Cathay Pacific cuts profit guidance for second time amid Hong Kong protests

    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.

  • Cathay Pacific to allocate half of A321neo order to budget carrier
    Reuters

    Cathay Pacific to allocate half of A321neo order to budget carrier

    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 shelves U.S. dollar bond plans amid Hong Kong unrest
    Reuters

    Cathay Pacific shelves U.S. dollar bond plans amid Hong Kong unrest

    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.

  • Reuters

    RPT-INSIGHT- As protests rack Hong Kong, China watchdog has Cathay staff 'walking on eggshells'

    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.

  • Airlines ask Hong Kong to waive airport fees as demand drops: letter
    Reuters

    Airlines ask Hong Kong to waive airport fees as demand drops: letter

    Scores of airlines wrote jointly to the Hong Kong government earlier this month to seek airport fee waivers as they struggle to deal with the financial fallout from anti-government protests that have led to a sharp drop in traveler demand. The Board of Airline Representatives (BAR) of Hong Kong, which represents more than 70 airlines that fly to and from the Asian financial center, wrote to the government asking for temporary relief from landing and parking fees as well as rent and other operational costs, according to a letter seen by Reuters. "Already we have seen a double-digit drop in passengers in August compared to last year and we expect this to worsen in the remaining months of the year," BAR Chairman Ronald Lam, a senior executive at Cathay Pacific Airways Ltd , said in the letter dated Sept. 16, which was first reported by the South China Morning Post on Monday.

  • Cathay Pacific freezes new hiring, to focus on cost cuts - memo
    Reuters

    Cathay Pacific freezes new hiring, to focus on cost cuts - memo

    Cathay Pacific Airways Ltd has put a freeze on new hiring, according to an internal memo seen by Reuters, as the airline battles a slump in demand from fliers avoiding Hong Kong amid massive anti-government protests in the city. In a memo to staff on Wednesday evening, new Chief Executive Augustus Tang said he had asked executives to examine spending and focus on cutting costs. The airline will also not replace departing employees in non-flying positions unless approved by a spending control committee, he said.

  • Cathay Pacific freezes new hiring, to focus on cost cuts: memo
    Reuters

    Cathay Pacific freezes new hiring, to focus on cost cuts: memo

    Cathay Pacific Airways Ltd has put a freeze on new hiring, according to an internal memo seen by Reuters, as the airline battles a slump in demand from fliers avoiding Hong Kong amid massive anti-government protests in the city. In a memo to staff on Wednesday evening, new Chief Executive Augustus Tang said he had asked executives to examine spending and focus on cutting costs. The airline will also not replace departing employees in non-flying positions unless approved by a spending control committee, he said.