Edition:
United States

Cathay Pacific Airways Ltd (0293.HK)

0293.HK on Hong Kong Stock

12.16HKD
27 Jul 2017
Change (% chg)

HK$0.12 (+1.00%)
Prev Close
HK$12.04
Open
HK$12.02
Day's High
HK$12.22
Day's Low
HK$12.00
Volume
4,186,794
Avg. Vol
9,044,601
52-wk High
HK$13.08
52-wk Low
HK$10.00

Latest Key Developments (Source: Significant Developments)

Air New Zealand says for Feb short haul passenger numbers increased 2.2%
Monday, 20 Mar 2017 06:40pm EDT 

Air New Zealand Ltd : Feb short haul passenger numbers increased 2.2% . Group load factors were down 2.6 percentage points overall to 81.6% for Feb . Air New Zealand carried 1,268,000 passengers during month of february, an increase of 2.4% compared to same period last year . Feb domestic market demand (rpks) increased by 5.9% . Feb long haul passenger numbers increased 3.1% when compared to february last year . For Feb revenue passenger kilometres (rpks) were 2.0% higher on a capacity (asks) increase of 5.3% . Co and Cathay Pacific have extended strategic alliance partnership on services between new zealand and hong kong for a further five years until 2022 .From december 2017, a new seasonal service between Hong Kong and Christchurch will also be introduced under alliance.  Full Article

Cathay Pacific falls 4.8 pct, posts first annual loss since 2008
Wednesday, 15 Mar 2017 01:17am EDT 

Shares In Cathay Pacific Airways Ltd <0293.HK> : Fall 4.8 percent after airline reports first annual loss since 2008 Further company coverage: [0293.HK] (Reporting By Brenda Goh) ((brenda.goh@thomsonreuters.com;)).  Full Article

Cathay Pacific Airways posts FY net loss of HK$575 million
Wednesday, 15 Mar 2017 12:03am EDT 

Cathay Pacific Airways Ltd <0293.HK> : FY revenue HK$92,751 million versus HK$102,342 million a year ago . FY net loss HK$575 million versus profit of HK$6 billion . Full year dividend per share HK$ 0.05 . Expect operating environment in 2017 to remain challenging . "Strong competition from other airlines and adverse effect of strength of Hong Kong dollar are expected to continue to put pressure on yield" . Cargo market overcapacity is expected to persist . "Expect to continue to benefit in 2017 from fact that fuel prices are much lower than their previous high levels, but to a lesser extent" . "Air traffic to, from and within Asia-Pacific region is expected to grow strongly" . Expect to incur further fuel hedging losses in 2017 . Despite challenges still expect business to grow in long-term . "Are starting on a three year programme of corporate transformation with intention of achieving returns above cost of capital" . "Working on operational changes intended to improve reliability of our schedules" .Intend to benefit from this growth in Asia-Pacific region by increasing passenger capacity by 4-5% per annum.  Full Article

Air Canada and Cathay Pacific to introduce codeshare services
Thursday, 22 Dec 2016 03:00pm EST 

Air Canada : Air canada and cathay pacific to introduce codeshare services and reciprocal mileage accrual and redemption benefits in strategic cooperation .Air canada says will offer codeshare services to an additional eight cities in southeast asia on flights operated by cathay pacific and cathay dragon.  Full Article

Cathay Pacific Airways announces September traffic figures
Friday, 14 Oct 2016 05:41am EDT 

Cathay Pacific Airways Ltd <0293.HK> : In sept cathay pacific and dragonair carried a total of 2,672,694 passengers an increase of 1.5% . september passenger load factor dropped by 0.6 percentage point to 83.3%, . For sept the passenger load factor dropped by 0.6 percentage point to 83.3% . sept cathay pacific and dragonair capacity, measured in available seat kilometres (asks), increased by 2.6% . two airlines carried 162,116 tonnes of cargo and mail in september, an increase of 7.1% compared to same month last year . "plan to maximise freighter schedule over last quarter as we expect demand to strengthen during traditional peak season" .sept cargo and mail load factor rose by 2.6 percentage points to 65.0%.  Full Article

Cathay Pacific sees H2 results no better than first half
Wednesday, 12 Oct 2016 06:48am EDT 

Cathay Pacific Airways Ltd <0293.HK>: Since the interim report was issued, the outlook for airlines business has deteriorated . Overcapacity and strong competition is putting particular pressure on passenger business .No longer expected that cathay pacific group's results for second half of 2016 will be better than those of the first half.  Full Article

Cathay Pacific Airways posts half-year net profit of HK$353 million<0293.HK>
Wednesday, 17 Aug 2016 12:21am EDT 

Cathay Pacific Airways Ltd <0293.HK>: 2016 interim results <0293.HK> . HY revenue HK$45.683 billion versus HK$50.39 billion a year ago . HY net profit HK$353 million versus HK$1.97 billion a year ago . First interim dividend of HK$0.05 per share . Expect the operating environment in the second half of the year to continue to be impacted by the same adverse factors as in the first half . Continue to make long-term investments . Overall business outlook therefore remains challenging . Overcapacity and economic fragility will dampen cargo demand . Reviewing productivity and expenditure, we have stopped hiring and replacement of non-operationally critical staff . We expect passenger yield to remain under pressure . Restricting non-essential discretionary spending . Fuel surcharge remains suspended . The benefits from lower fuel prices will continue to be partially offset by losses on our fuel hedging contracts .In this difficult environment, we will manage capacity and strive to make further improvements in operational efficiency.  Full Article

Cathay Pacific Airways says July passenger load factor flat at 87.0%<0293.HK>
Monday, 15 Aug 2016 12:02am EDT 

Cathay Pacific Airways Ltd <0293.HK>: For July the passenger load factor was flat at 87.0% . Cathay Pacific and dragonair carried a total of 3.1 million passengers in July an increase of 2.9% compared to July 2015 . For July, capacity, measured in available seat kilometres (asks), grew by 2.6% . The two airlines carried 158,022 tonnes of cargo and mail in July, an increase of 7.1% . Business environment remains challenging, but we have seen a growth in demand for special products and we will continue to diversify" . July cargo and mail load factor rose by 2.9 percentage points to 64.7% .  Full Article

Synchrony Financial and Cathay Pacific Airways to introduce credit card program
Tuesday, 19 Jul 2016 04:30pm EDT 

Synchrony Financial : Announced agreement with Cathay Pacific Airways to introduce a new co-branded visa credit program for u.s. Travelers .Says program planned for launch in q1 2017.  Full Article

Cathay Pacific Airways says in June passenger load factor fell by 1.7 percentage points to 85.5 pct<0293.HK>
Monday, 18 Jul 2016 04:19am EDT 

Cathay Pacific Airways Ltd <0293.HK>: June 2016 traffic figures <0293.HK> . In June 2016, passenger load factor fell by 1.7 percentage points to 85.5% . Pressure on yield remains severe, with competition increasing and premium demand continuing to fall short of expectations" . Cathay Pacific and Dragonair carried a total of 2.9 million passengers in June- an increase of 2.1% compared to June 2015 . Says in June 2016 available seat kilometres (asks), grew by 3.3% .  Full Article

BRIEF-Honeywell's says co, Cathay Pacific sign contract to deploy Honeywell's connected aircraft maintenance offering

* Honeywell's connected aircraft maintenance offering to reduce flight delays and cancellations for cathay pacific