0293.HK - CATHAY PAC AIR

HKSE - HKSE Delayed price. Currency in HKD
12.220
-0.120 (-0.972%)
At close: 4:08PM HKT
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Previous close12.340
Open12.420
Bid12.200 x 0
Ask12.220 x 0
Day's range12.180 - 12.420
52-week range10.020 - 13.480
Volume3,189,606
Avg. volume5,496,288
Market cap48.072B
Beta0.78
PE ratio (TTM)N/A
EPS (TTM)-0.146
Earnings dateN/A
Forward dividend & yield0.00 (0.00%)
Ex-dividend date2016-09-07
1y target est11.69
  • Chinese airlines court Cathay pilots facing pay squeeze
    Reuters12 hours ago

    Chinese airlines court Cathay pilots facing pay squeeze

    SHANGHAI/SINGAPORE (Reuters) - Chinese airlines are circling disaffected pilots at Hong Kong's Cathay Pacific Airways , offering sky-high salaries to fill a shortage of experienced captains in a rapidly expanding aviation industry. Chinese carriers, including China Southern Airlines , Hainan Airlines and Juneyao Airlines , will need more than 100,000 new pilots over the next two decades, according to forecasts by planemaker Boeing Co (BA.N), as air travel takes off with increased prosperity in the world's second-largest economy. China trains around 4,700 new pilots a year at home and abroad, according to the Civil Aviation Administration of China (CAAC), but the industry's sharp growth has left it short of captains with several thousand hours flying experience.

  • Reuters12 hours ago

    Chinese airlines court Cathay pilots facing pay squeeze

    SHANGHAI/SINGAPORE (Reuters) - Chinese airlines are circling disaffected pilots at Hong Kong's Cathay Pacific Airways , offering sky-high salaries to fill a shortage of experienced captains in a rapidly expanding aviation industry. Chinese carriers, including China Southern Airlines , Hainan Airlines and Juneyao Airlines , will need more than 100,000 new pilots over the next two decades, according to forecasts by planemaker Boeing Co (BA.N), as air travel takes off with increased prosperity in the world's second-largest economy. China trains around 4,700 new pilots a year at home and abroad, according to the Civil Aviation Administration of China (CAAC), but the industry's sharp growth has left it short of captains with several thousand hours flying experience.

  • Cathay Pacific's pilots plan levy as buffer against action by airline
    Reutersyesterday

    Cathay Pacific's pilots plan levy as buffer against action by airline

    Cathay Pacific Airways Ltd's pilots will vote on whether to raise funds as a buffer against any actions the loss-making Hong Kong airline takes against them such as unilateral benefit changes or job losses, according to the pilot's union. Cathay has warned its pilots about intended cuts to their housing allowances and retirement benefits as it attempts to return to profitability after reporting the worst half-year loss in at least 20 years. The Hong Kong Pilot Aircrew Officers' Association (HKAOA), in a notice of a meeting issued to members on Thursday and viewed by Reuters, said it proposing a levy of up to HK$500 ($64) a month that each pilot will pay, depending on rank.

  • Reutersyesterday

    Cathay Pacific's pilots plan levy as buffer against action by airline

    Cathay Pacific Airways Ltd's pilots will vote on whether to raise funds as a buffer against any actions the loss-making Hong Kong airline takes against them such as unilateral benefit changes or job losses, according to the pilot's union. Cathay has warned its pilots about intended cuts to their housing allowances and retirement benefits as it attempts to return to profitability after reporting the worst half-year loss in at least 20 years. The Hong Kong Pilot Aircrew Officers' Association (HKAOA), in a notice of a meeting issued to members on Thursday and viewed by Reuters, said it proposing a levy of up to HK$500 ($64) a month that each pilot will pay, depending on rank.

  • Reuters8 days ago

    BRIEF-Cathay Pacific Airways releases Oct 2017 traffic figures for Cathay Pacific and Cathay Dragon​

    Nov 16 (Reuters) - Cathay Pacific Airways Ltd * ‍Cathay Pacific and Cathay Dragon carried a total of 2.9 million passengers in Oct an increase of 6.0%​ * ‍Cathay Pacific and Cathay Dragon carried 180,706 ...

  • Reuters10 days ago

    BRIEF-Cathay Pacific Airways to buy 40 pct in AHK for HK$36.3 mln

    Nov 14 (Reuters) - Cathay Pacific Airways Ltd: * To purchase 40% of issued share capital of AHK for HK$36.3 million Source text for Eikon: Further company coverage:

  • The Wall Street Journal13 days ago

    Hong Kong's Hang Seng Index Poised for More Volatility

    A pair of companies that have been among the hottest stocks in Hong Kong are set to enter the Hang Seng Index, which has jumped 32% this year and is one of the world's best-performing indexes.

  • Cathay Pacific Dropped From Hong Kong's Hang Seng After Decades
    Bloomberg14 days ago

    Cathay Pacific Dropped From Hong Kong's Hang Seng After Decades

    Cathay Pacific Airways Ltd. is losing its decades-old membership of Hong Kong’s benchmark equity gauge as the city’s flagship carrier struggles to revive earnings.

  • The Wall Street Journal15 days ago

    Asian Laminates Maker Turned Big Investor

    Kingboard Chemical will post a nearly $100 million gain from selling its 9.6% stake in Hong Kong's Cathay Pacific Airways to Qatar Airways.

  • Reuters17 days ago

    Deal-hungry Qatar Airways aims to create virtual mega-carrier

    Qatar Airways wants to create a virtual mega-carrier that will benefit from economies of scale in negotiations on fuel and aircraft purchases while it boosts investment in other airlines, its chief executive said on Tuesday. The Qatari carrier announced a $661 million (£503 million) deal on Monday to buy a 9.61 percent stake in Hong Kong's Cathay Pacific Airways to broaden its reach and potentially allow the oneworld alliance member to increase traffic through its Doha hub. Qatar Airways has been unable to fly to the previously lucrative markets of the United Arab Emirates and Saudi Arabia because of an airspace rights dispute, prompting investment elsewhere.

  • Reuters17 days ago

    Deal-hungry Qatar Airways aims to create virtual mega-carrier

    Qatar Airways wants to create a virtual mega-carrier that will benefit from economies of scale in negotiations on fuel and aircraft purchases while it boosts investment in other airlines, its chief executive said on Tuesday. The Qatari carrier announced a $661 million deal on Monday to buy a 9.61 percent stake in Hong Kong's Cathay Pacific Airways to broaden its reach and potentially allow the oneworld alliance member to increase traffic through its Doha hub. Qatar Airways has been unable to fly to the previously lucrative markets of the United Arab Emirates and Saudi Arabia because of an airspace rights dispute, prompting investment elsewhere.

  • Reuters - UK Focus17 days ago

    Deal-hungry Qatar Airways aims to create virtual mega-carrier

    Qatar Airways wants to create a virtual mega-carrier that will benefit from economies of scale in negotiations on fuel and aircraft purchases while it boosts investment in other airlines, its chief executive said on Tuesday. The Qatari carrier announced a $661 million deal on Monday to buy a 9.61 percent stake in Hong Kong's Cathay Pacific Airways to broaden its reach and potentially allow the oneworld alliance member to increase traffic through its Doha hub. Qatar Airways has been unable to fly to the previously lucrative markets of the United Arab Emirates and Saudi Arabia because of an airspace rights dispute, prompting investment elsewhere.

  • Southwest Airlines to Expand With More International Flights
    Zacks18 days ago

    Southwest Airlines to Expand With More International Flights

    With a view to widen its global reach, Southwest Airlines (LUV) offers passengers more flights from Fort Lauderdale to destinations in Latin America and the Caribbean.

  • Rebuffed by American Airlines, Qatar Airways buys into Cathay Pacific
    Reuters18 days ago

    Rebuffed by American Airlines, Qatar Airways buys into Cathay Pacific

    DUBAI/SINGAPORE (Reuters) - Qatar Airways has broadened its global reach by purchasing a 9.61 percent stake in Cathay Pacific , adding another strategic investor to the Hong Kong carrier's complicated share register at a time when it is looking to cut costs. Hong Kong's Kingboard Chemical Holdings said it had sold the stake to Qatar Airways for HK$5.16 billion ($661 million), making the Middle Eastern carrier the third-largest shareholder in Cathay. For Cathay, the Qatar stake will give it a third strategic shareholder behind Swire Pacific Ltd and Air China Ltd , potentially complicating a restructuring plan aimed at slashing HK$4 billion in costs over three years.

  • Qatar buys 9.6% stake in Cathay Pacific
    AFP18 days ago

    Qatar buys 9.6% stake in Cathay Pacific

    State-owned Gulf carrier Qatar Airways said it had acquired a 9.6 percent stake in Cathay Pacific, which would make it the third largest shareholder in the Hong Kong airline

  • Reuters18 days ago

    Cathay Pacific shares down 4.7 percent after Qatar Airways buys stake

    Shares of Cathay Pacific Airways dropped as much as 4.7 percent on Monday morning after Middle Eastern carrier Qatar Airways bought 9.6 percent stake. Hong Kong's Kingboard Chemical Holdings on Monday ...

  • Reuters18 days ago

    Air China says views Qatar Airways buy into Cathay Pacific as positive

    Air China on Monday said it viewed Qatar Airways' acquisition of a 9.61 percent stake in Cathay Pacific Airways Ltd "positively" and that it hoped the shareholders could work together to find ...

  • Qatar Airways pays $662M for 10 percent of Cathay Pacific
    Associated Press18 days ago

    Qatar Airways pays $662M for 10 percent of Cathay Pacific

    HONG KONG (AP) — Qatar Airways is buying nearly 10 percent of Hong Kong carrier Cathay Pacific Airways for about $662 million, the companies said Monday, in a deal making it Cathay's third-biggest shareholder.

  • Qatar Buys a Chinese Ally Against Gulf Bullies
    Bloomberg18 days ago

    Qatar Buys a Chinese Ally Against Gulf Bullies

    A stake in Cathay Pacific hands CEO Akbar Al Baker several advantages.

  • Reuters18 days ago

    Rebuffed by American Airlines, Qatar Airways buys into Cathay Pacific

    DUBAI/SINGAPORE, Nov 6 (Reuters) - Qatar Airways has broadened its global reach by purchasing a 9.61 percent stake in Cathay Pacific, adding another strategic investor to the Hong Kong carrier's complicated share register at a time when it is looking to cut costs. Hong Kong's Kingboard Chemical Holdings said it had sold the stake to Qatar Airways for HK$5.16 billion ($661 million), making the Middle Eastern carrier the third-largest shareholder in Cathay.

  • Reuters18 days ago

    Cathay Pacific shares down 4.7 percent after Qatar Airways buys stake

    HONG KONG (Reuters) - Shares of Cathay Pacific Airways dropped as much as 4.7 percent on Monday morning after Middle Eastern carrier Qatar Airways bought 9.6 percent stake. Hong Kong's Kingboard Chemical ...

  • Bloomberg18 days ago

    Qatar Airways to Buy 9.6% of Cathay Pacific for $662 Million

    Qatar Airways Ltd. agreed to acquire a stake in Cathay Pacific Airways Ltd., a deal that would make it the third-largest shareholder in the premium carrier as Asia’s biggest international airline faces ...

  • Reuterslast month

    Hong Kong's leader tinkers with economy in the face of "grave" challenges

    Hong Kong’s new leader Carrie Lam showed last week that bringing the mojo back to the territory’s once uniquely dynamic economy isn’t going to be easy. In her first policy address since coming into power in July, the chief executive acknowledged that “Hong Kong is facing increasingly grave challenges,” citing in particular competition from other economies. It was an echo of Chinese President Xi Jinping’s comment that Hong Kong’s traditional strengths  are “losing their edge, while new drivers of growth have yet to emerge,”  during his visit to the city in July.

  • Reuters2 months ago

    Singapore Airlines plans wide-ranging cost cuts to offset stiff competition

    Singapore Airlines Ltd is pursuing more than 50 cost-cutting initiatives including reducing fuel burn and reviewing its relationship with key suppliers as part of a three-year plan to make the airline more competitive, a newsletter to staff shows. Both Singapore Airlines and Hong Kong-based rival Cathay Pacific Airways Ltd have come under pressure due to growing competition from Chinese and Middle Eastern rivals. Singapore Airline set up a dedicated transformation office to review its strategy in May after a surprise fourth-quarter loss although it not released a cost-cutting target.

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