Cathay Pacific Airways Limited (0293.HK)
| Previous Close | 7.330 |
| Open | 7.330 |
| Bid | 7.320 x 0 |
| Ask | 7.330 x 0 |
| Day's Range | 7.300 - 7.470 |
| 52 Week Range | 7.050 - 9.200 |
| Volume | |
| Avg. Volume | 9,234,561 |
| Market Cap | 47.185B |
| Beta (5Y Monthly) | 0.83 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.560 |
| Earnings Date | Mar 08, 2023 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | Sept 04, 2019 |
| 1y Target Est | 9.16 |
- Reuters
Cathay looks to rebuild after 'brutal' pandemic losses
HONG KONG (Reuters) -Cathay Pacific Airways Ltd is ready to rebuild the airline and Hong Kong’s hub status as it emerges from the pandemic, the carrier’s chief executive said on Wednesday after it reported a 2022 loss at the low end of its forecast range. Cathay shares rose as much as 1.4% to HK$7.95 after the results were released, reversing the morning's declines as investors bet on a turnaround following heavy losses during the pandemic. "After three brutal years of the COVID-19 pandemic, we have finally entered into a new exciting phase, in which we will rebuild Cathay Pacific for Hong Kong."
- Reuters
Hong Kong's Cathay Pacific flags up to $893.77 million loss in 2022
Cathay's downbeat outlook follows a forecast by the company in November of a "substantial" annual loss, even though the carrier said at that time its second-half results were expected to improve sequentially. Air China Ltd reported disappointing metrics during the month of December, as many Chinese airlines struggled with capacity constraints. However, following the easing of pandemic-related travel restrictions, Cathay Chief Executive Ronald Lam on Friday noted a trend of continuous improvement in operations and financial performance for the airline and its subsidiaries in the second half of 2022.
- Reuters
Airlines lift China international flight capacity as border opens - Cirium data
Airlines have boosted January international seat capacity to and from China by 9.5% over the last week as they ramp up flights after its border opening, according to aviation data provider Cirium, though flights remain at a fraction of pre-pandemic levels. Hong Kong's Cathay Pacific Airways Ltd added more than 52,000 seats as its border with the mainland opened, putting it ahead of China's Xiamen Airlines, Juneyao Airlines Co Ltd and others in the 160,000 round-trip seat additions, schedules data from Cirium analysed by Reuters showed. Chinese airlines are expected to be the early winners of the country's international reopening, analysts said, having kept most widebody planes and staff ready while foreign carriers struggle with capacity constraints after previous border openings.
