0293.HK - Cathay Pacific Airways Limited

HKSE - HKSE Delayed price. Currency in HKD
9.960
+0.020 (+0.20%)
At close: 4:08PM HKT
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Previous close9.940
Open9.930
Bid9.960 x 0
Ask9.960 x 0
Day's range9.750 - 9.980
52-week range9.270 - 14.140
Volume1,608,635
Avg. volume2,973,394
Market cap39.339B
Beta (3Y monthly)1.06
PE ratio (TTM)16.71
EPS (TTM)0.596
Earnings date7 Aug 2019
Forward dividend & yield0.38 (3.84%)
Ex-dividend date2019-09-04
1y target est14.01
  • 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.

  • 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.

  • Cathay Pacific lowers full-year profit expectations as Hong Kong protests bite
    Reuters

    Cathay Pacific lowers full-year profit expectations as Hong Kong protests bite

    Hong Kong's Cathay Pacific Airways Ltd on Friday lowered its expectations for full-year profit due to "incredibly challenging" conditions in its home market racked by anti-government protests that it expected to persist for the rest of 2019. The airline reported a 7.1% drop in passenger numbers for the month of September as travellers avoided Hong Kong due to widespread and sometimes violent protests, and said its second-half financial results were likely to be below the first half. Cathay, which is trying to complete a three-year financial turnaround plan, has become the biggest corporate casualty of the Hong Kong protests after China demanded it suspend staff involved in, or supporting, the demonstrations that have plunged the former British colony into a political crisis.

  • As protests rack Hong Kong, China watchdog has Cathay staff 'walking on eggshells'
    Reuters

    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 traveller demand. The Board of Airline Representatives (BAR) of Hong Kong, which represents more than 70 airlines that fly to and from the Asian financial centre, 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.

  • 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.

  • Reuters - UK Focus

    UPDATE 1-Qatar Airways annual loss widens to $639 mln amid lingering Gulf dispute

    Qatar Airways reported a loss of 2.3 billion Qatari riyals ($639 million) on Wednesday for the year ending March 31, as it grappled with the second year of an embargo by neighbours that has restricted its air routes and driven costs higher. Group Chief Executive Akbar Al Baker said in a statement that the losses were attributable to "loss of mature routes, higher fuel costs and foreign exchange fluctuations" but said underlying fundamentals "remain extremely robust". Saudi Arabia, Egypt, the United Arab Emirates and Bahrain cut diplomatic and economic ties with Qatar in June 2017 and Qatar Airways has since been banned from flying to the four countries and from using their airspace.

  • 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.

  • Cathay Pacific to cut capacity as demand for Hong Kong travel falls
    Reuters

    Cathay Pacific to cut capacity as demand for Hong Kong travel falls

    Cathay Pacific Airways Ltd said on Wednesday it would cut capacity for the upcoming winter season after reporting an 11.3% fall in passenger numbers for August as anti-government protests in Hong Kong hit demand. The airline said inbound traffic to Hong Kong in August had fallen by 38% and outbound traffic by 12% compared with the previous year, and it did not anticipate September would be any less difficult. Hong Kong's finance secretary reported earlier this week that visitor arrivals plunged nearly 40% in August, deepening from July's 5% fall, as sometimes violent anti-government protests took a rising toll on the city's tourism, retail and hotel businesses.

  • Air China has no plans to take over Cathay Pacific: media report
    Reuters

    Air China has no plans to take over Cathay Pacific: media report

    Air China Ltd has no plans to take over Hong Kong's Cathay Pacific Airways Ltd , an independent director of the state-owned Chinese carrier told the South China Morning Post newspaper. "Based on what I know, I wouldn't think that is anywhere on the agenda, no way," Air China non-executive director Stanley Hui told the newspaper when asked if the carrier, a 30% shareholder, might seek to buy Cathay outright. The Hong Kong airline has become the biggest corporate casualty of anti-government protests after China demanded it suspend staff involved in, or who support, demonstrations that have plunged the former British colony into a political crisis.

  • Air China has no plans to take over Cathay Pacific - media report
    Reuters

    Air China has no plans to take over Cathay Pacific - media report

    Air China Ltd has no plans to take over Hong Kong's Cathay Pacific Airways Ltd , an independent director of the state-owned Chinese carrier told the South China Morning Post newspaper. "Based on what I know, I wouldn't think that is anywhere on the agenda, no way," Air China non-executive director Stanley Hui told the newspaper when asked if the carrier, a 30% shareholder, might seek to buy Cathay outright. The Hong Kong airline has become the biggest corporate casualty of anti-government protests after China demanded it suspend staff involved in, or who support, demonstrations that have plunged the former British colony into a political crisis.

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