Previous Close | 8.830 |
Open | 8.850 |
Bid | 8.720 x 0 |
Ask | 8.730 x 0 |
Day's Range | 8.720 - 8.850 |
52 Week Range | 7.060 - 9.350 |
Volume | |
Avg. Volume | 7,225,796 |
Market Cap | 56.203B |
Beta (5Y Monthly) | 0.80 |
PE Ratio (TTM) | 6.93 |
EPS (TTM) | 1.260 |
Earnings Date | Mar 13, 2024 |
Forward Dividend & Yield | 0.43 (4.87%) |
Ex-Dividend Date | Apr 02, 2024 |
1y Target Est | 10.89 |
HONG KONG (Reuters) -Cathay Pacific reported its first annual profit in four years as the airline left behind the pandemic-linked restrictions that drove heavy losses and layoffs, pushing its shares to a four-year high. Hong Kong's flagship airline said on Wednesday it earned a net profit of HK$9.79 billion ($1.25 billion) in 2023, above the average HK$8.67 billion estimated in an LSEG survey of nine analysts and the highest since the HK$14 billion made in 2010. Cathay said it would pay its first dividend since 2019, which brokerage Jefferies said was the "key surprise" in the results.
(Bloomberg) -- Air China Ltd. has been sounding out advisers in recent months on the possible merits of raising its nearly 30% stake in Cathay Pacific Airways Ltd., according to people familiar with matter, rekindling a long-running idea as the 77-year-old Hong Kong carrier rebounds from the pandemic.Most Read from BloombergNvidia Rises Most in About Nine Months as AI Drives SalesT-Bills Without Tax Bills? This Fund Says It Cracked the CodeUS Unveils Fresh Sanctions on Russia After Navalny’s Dea
Plans by Hong Kong's Cathay Pacific Airways to slash flights during the busy Lunar New Year period show the airline needs to address its capacity problems, the city's leader said, while its pilot union called for a government enquiry. Cathay will cut a dozen flights a day on average until the end of February due to stretched operations, the airline said on Sunday, aiming to avoid cancellations as the Lunar New Year travel season approaches. John Lee said Hong Kong's government was "very concerned" about the situation and had already communicated with Cathay's management to ensure passengers suffer minimal inconveniences.