Market Chatter: Cathay Pacific to Pay Bonuses as Airline Returns to Pre-Pandemic Capacity in January

MT NewswiresJan 24 03:24 ET

Morgan Stanley: Maintains CATHAY PAC AIR "Market Perform" rating with a Target Price of 9.1 Hong Kong dollars.

Morgan Stanley released a research report stating a Target Price of HKD 9.1 for CATHAY PAC AIR (00293) and a "market perform" rating. The company's passenger load factor (PLF) has improved year-on-year over the past two months, which is encouraging and will lead to better-than-expected passenger profits. Morgan Stanley believes that travel demand is robust during the holiday peak. Revenue passenger kilometers (RPK) increased by 27.9% year-on-year, reaching 76.5% of 2018 levels, while available seat kilometers (ASK) rose by 22.5% year-on-year, to 75.6% of 2018 levels. The passenger load factor (PLF) is 84.8%, an increase of 3.6 percentage points year-on-year.

Sina Hong Kong stocksJan 21 21:35 ET

Hong Kong stocks are experiencing volatility | Aviation/airlines Industry fell in the morning, Air China Limited (00753) recently issued a profit warning due to the Q4 off-peak season combined with pressure from Exchange Rates depreciation on performance.

Aviation/airlines industry fell in early trading. As of the time of publication, Air China Limited (00753) dropped by 3.92%, at 4.9 Hong Kong dollars; China Southern Airlines (01055) fell by 4.03%, at 3.81 Hong Kong dollars; China Eastern Airlines (00670) decreased by 2.96%, at 2.62 Hong Kong dollars; CATHAY PAC AIR (00293) declined by 0.57%, at 10.5 Hong Kong dollars.

Zhitong FinanceJan 21 21:10 ET

CATHAY PAC AIR (00293.HK): CATHAY PAC AIR and Hong Kong Express carried over 28 million passengers in total for the year, an increase of 30.7% year-on-year.

Gelonghui, January 21st丨CATHAY PAC AIR (00293.HK) announced that Jiangxi Guotai Group achieved record highs in passenger and cargo volumes for 2024 post-pandemic. CATHAY PAC AIR and HK Express together carried over 28 million passengers, a year-on-year increase of 30.7%. In addition, CATHAY PAC AIR's cargo volume for 2024 totaled 1.5 million tons, an 11% increase compared to 2023. In December 2024, CATHAY PAC AIR carried 2.2489 million passengers, which is a 26.4% increase from the same month in 2023. The revenue passenger kilometers for the month increased by 27.9% year-on-year. The passenger load factor increased by 3.6 percentage points.

Gelonghui FinanceJan 21 03:42 ET

Express News | Cathay Pacific Airways - in Terms of CARGO, Anticipate Demand to Be Softer During First Half of January

ReutersJan 21 03:39 ET

Express News | Cathay Pacific Airways - December Revenue Passenger Kilometres (Rpks) Increased 27.9% Year on Year

ReutersJan 21 03:39 ET