|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||1.7800 - 1.7800|
|52 Week Range||1.2900 - 1.7900|
|Beta (3Y Monthly)||0.21|
|PE Ratio (TTM)||104.71|
|Forward Dividend & Yield||0.03 (1.50%)|
|1y Target Est||N/A|
April 17 (Reuters) - Cathay Pacific Airways Ltd: * CATHAY PACIFIC EXEC SAYS FIRST 777X TO STILL BE DELIVERED IN JUNE 2021, BOEING TOLD AIRLINE LAST WEEK Further company coverage: (Reporting by Stella Qiu ...
Cathay Pacific Airways Ltd Chief Executive Rupert Hogg said he was "relatively confident" the air cargo market would pick up in the second half after a weak start to the year. Cathay Pacific has said that its cargo volumes fell by 5.5 percent in the three months ended March 31, but that the decline was smaller in March than in January and February. The International Air Transport Association last month nearly halved its annual forecast for traffic growth in the air cargo market to 2 percent, citing trade frictions, Brexit and anti-globalization rhetoric.
Cathay Pacific Airways Ltd Chief Executive Rupert Hogg said he was "relatively confident" the air cargo market would pick up in the second half after a weak start to the year. "We tend to do quite well in cargo but the volumes do go up and down due to general economic sentiment," he told Reuters on the sidelines of a media event in Beijing on Wednesday. Cathay Pacific has said that its cargo volumes fell by 5.5 percent in the three months ended March 31, but that the decline was smaller in March than in January and February.
April 16 (Reuters) - Cathay Pacific Airways Ltd: * CATHAY PACIFIC AND CATHAY DRAGON MARCH CARGO AND MAIL LOAD FACTOR FELL BY 2.2 PERCENTAGE POINTS TO 68.5% * MARCH CATHAY PACIFIC AND CATHAY DRAGON CARRIED ...
Cathay Pacific Airways Ltd on Wednesday said it would no longer allow its unionised pilots to refuse training roles despite a near four-year union ban in a move that a pilot said could raise workplace tensions. Relations between Cathay and its 3,000-plus pilots have become strained as the airline seeks to cut costs as part of a three-year transformation plan designed to make it more competitive against Chinese and Middle Eastern rivals and low-cost carriers. The union ban on pilot training has made it more difficult for the airline to promote pilots quickly when it has been expanding capacity and also when a global pilot shortage prompted some expat pilots to take other jobs.
Cathay Pacific Airways said on Wednesday it had agreed to buy Hong Kong Express Airways Ltd from cash-strapped Chinese conglomerate HNA Group for HK$4.93 billion (£476 million), giving it a foothold in the fast-growing budget travel market. A lack of slots at Hong Kong International Airport until an expansion is completed in 2024 had constrained Cathay's ability to follow peers like Singapore Airlines Ltd and Qantas Airways Ltd and set up its own budget brand. Cathay said it would continue operating HK Express as a standalone carrier using a low-cost business model.
HONG KONG (AP) — Cathay Pacific Group is acquiring budget regional carrier HK Express, which it will continue to operate as a low-cost carrier.
Passengers on Easyjet Plc aircraft can book fares that let them change flight times at no extra cost. Cathay will pay HK$4.93 billion ($628 million) to buy Hong Kong Express Airways Ltd. from debt-strapped HNA Group Co., the carrier said Wednesday, giving it control of the territory’s sole low-cost airline. It’s much more likely that Cathay is trying to protect its existing patch than becoming a born-again no-frills carrier.
Cathay plans to operate Hong Kong Express Airways Ltd., part of HNA Group Co., as a standalone carrier after the transaction is completed by Dec. 31, the flag carrier said. “HK Express captures a unique market segment,” Cathay said in an emailed statement Wednesday.
March 27 (Reuters) - Cathay Pacific Airways Ltd: * ACQUISITION OF HONG KONG EXPRESS AIRWAYS LIMITED * DEAL FOR HK$4.93 BILLION * INTENDED TO CONTINUE TO OPERATE HKE AS A STANDALONE AIRLINE USING LOW-COST ...
Hong Kong's Cathay Pacific Airways Ltd, in talks to buy low-cost carrier Hong Kong Express Airways, believes budget airlines have a "unique market segment" it does not capture at present, Chief Executive Rupert Hogg said on Monday. Cathay this month said it was in "active discussions" to acquire the airline controlled by HNA Group Co Ltd.
Cathay Pacific Airways Limited (OTC: CPCAY), the Hong Kong-based airline, released its full-year financial results for 2018: the biggest news was that after two years of losses, CPCAY returned to profitability. Cathay Pacific has come under pressure in recent years from the rapid expansion of Chinese budget airlines and, on the other side of the price spectrum, from increased competition from premium carriers like Emirates and Etihad, which offer similar luxury experiences. Chief Executive Officer Rupert Hogg, who took over Cathay Pacific two years ago, laid off more than 600 employees and pulled back from some overseas business after miscalculated fuel hedging doubled its 2017 losses.
Despite recent controversy surrounding aircraft manufacturer Boeing after Sunday's crash of a new 737 Max Ethiopian Airlines plane, Cathay Pacific's CEO said Thursday the airline is "very happy" with its Boeing fleet.
Asked what had prompted the shift after annual results Wednesday, Chairman John Slosar seemed to be paraphrasing a remark attributed to John Maynard Keynes(2): “You have to be willing to change when events change, when opportunities present themselves,” he told reporters. For one thing, Cathay’s business model is already looking more and more like that of a budget carrier (perpetually disgruntled passengers often say the same of the flying experience, though this columnist has no complaints).
SINGAPORE/HONG KONG (Reuters) - Cathay Pacific Airways Ltd is "reasonably optimistic" about passenger and cargo markets this year despite recognising challenges ahead, its chairman said, after the Hong Kong airline earlier reported a profit for the first time in three years. The challenges include geopolitical discord, global trade tensions and intense competition that could dampen cargo demand as well as passenger demand particularly on long-haul routes in economy class, Chairman John Slosar said in a statement. Cathay raked in a HK$2.35 billion profit ($299.37 million) for the year ended December as it benefited from rising airfares and a turnaround plan designed to lower costs and boost revenue.
HONG KONG, March 13 (Reuters) - Hong Kong's Cathay Pacific Airways Ltd said on Wednesday it is "reasonably optimistic" on the outlook for the passenger and cargo markets this year, although it ...
March 13 (Reuters) - Cathay Pacific Airways Ltd: * DECLARED DIVIDEND OF HK$ 0.30 PER SHARE * FY PROFIT ATTRIBUTABLE HK$2,345 MILLION VERSUS LOSS OF HK$1,259 MILLION * FY REVENUE HK$111,060 MILLION VERSUS ...
HONG KONG/SINGAPORE (Reuters) - Hong Kong flagship carrier Cathay Pacific Airways Ltd said on Tuesday it is in "active discussions" about an acquisition involving budget airline Hong Kong Express Airways Ltd, although an agreement has yet to be reached. Such a deal would give Cathay exposure to the growing budget-travel market at a time when a lack of slots at Hong Kong International Airport has constrained its ability to follow peers like Singapore Airlines Ltd and Qantas Airways Ltd and set up its own budget brand. The Hong Kong carrier has instead shifted some destinations from its main brand to its regional carrier, Cathay Dragon, as part of a transformation plan designed to cut costs and increase revenue.
Paul Yong of DBS Bank says he expects Cathay Pacific's earnings to be driven higher in 2019 because of lower fuel prices and a strong cargo business.