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Cathay Pacific Airways Ltd

0293.HK

Latest Trade

6.46HKD

Change

0.00(0.00%)

Volume

3,886,894

Today's Range

6.37

 - 

6.55

52 Week Range

5.15

 - 

7.99

As of on the Hong Kong Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Qantas CEO Says Need International Borders To Reopen Before Decision On Ordering Airbus A350 Planes Capable Of Sydney-London Non-Stop Flights

Aug 26 (Reuters) - Qantas Airways Ltd <QAN.AX>::QANTAS CEO SAYS NEED INTERNATIONAL BORDERS TO REOPEN BEFORE DECISION ON ORDERING AIRBUS A350 PLANES CAPABLE OF SYDNEY-LONDON NON-STOP FLIGHTS.QANTAS CEO SAYS NOW FLYING AROUND 15% OF PRE-COVID INTERNATIONAL CAPACITY ON FREIGHT, REPATRIATION FLIGHTS.QANTAS CEO SAYS DOMESTIC PLANS ASSUME OTHER STATES DO NOT OPEN BORDERS TO NEW SOUTH WALES, VICTORIA UNTIL DEC. 1.QANTAS CEO SAYS WILL CLOSE HONG KONG AIRPORT LOUNGE, HAVE ARRANGEMENT WITH CATHAY PACIFIC TO USE LOUNGES.Further company coverage: QAN.AX. (Reporting by Jamie Freed). ((Jamie.Freed@thomsonreuters.com;)).

Cathay Pacific Airways Says July PLF Up 5.1 Percentage Points To 28.5%

Aug 13 (Reuters) - Cathay Pacific Airways Ltd <0293.HK>::JULY PASSENGER LOAD FACTOR INCREASED BY 5.1 PERCENTAGE POINTS TO 28.5%.IN JULY CARRIED A TOTAL OF 54,092 PASSENGERS, AN INCREASE OF 25.8% COMPARED TO JULY 2020.SAYS IN JULY CARRIED 121,600 TONNES OF CARGO AND MAIL MONTH, AN INCREASE OF 19.1%.JULY PASSENGER CAPACITY INCREASED BY 0.7%, BUT REMAINED 92.9% DOWN ON JULY 2019.JULY CARGO AND MAIL LOAD FACTOR INCREASED BY 5.4 PERCENTAGE POINTS TO 81.8%.STUDENT TRAFFIC TO U.S AND UK IS EXPECTED TO GIVE SLIGHT BOOST TO BUSINESS IN AUG AND SEPT.ON CARGO SIDE, OVERALL DEMAND IS TRENDING UPWARDS.STILL FACING MANY CHALLENGES TO BOTH OUR PASSENGER AND OUR CARGO BUSINESS.THERE IS GOOD MOMENTUM BUILDING UP AS WE MOVE TOWARDS CARGO PEAK SEASON.SAYS FLIGHTS ON EARLIER DEPARTURE DATES ARE ALSO LIKELY TO SEE INCREASED BOOKINGS AS DEMAND CONTINUES TO COME I.MARKED INAUGURAL FLIGHT OF NEW AIRBUS A321NEO TO SHANGHAI (PUDONG), PROGRESSIVELY RESUME MORE FLIGHTS TO CHINESE MAINLAND & REGION.

Cathay Pacific Says Martin James Murray Will Cease To Be A Non-Exec Director Of Co

Aug 11 (Reuters) - Cathay Pacific Airways Ltd <0293.HK>::GUY MARTIN COUTTS BRADLEY TO BECOME CHAIRMAN OF JOHN SWIRE & SONS (H.K.) LTD, SWIRE PACIFIC AND SWIRE PROPERTIES.MARTIN JAMES MURRAY WILL CEASE TO BE A NON-EXECUTIVE DIRECTOR OF CATHAY PACIFIC.GUY MARTIN COUTTS BRADLEY WILL BECOME A NON-EXECUTIVE DIRECTOR OF CATHAY PACIFIC.

Cathay Pacific Posts HY Loss Attributable HK$7.57 Bln

Aug 11 (Reuters) - Cathay Pacific Airways Ltd <0293.HK>::HY REVENUE HK$15,854 MILLION VERSUS HK$27,669 MILLION.COVID-19 WILL CONTINUE TO HAVE A SEVERE IMPACT ON OUR BUSINESS UNTIL BORDERS PROGRESSIVELY OPEN AND TRAVEL CONSTRAINTS ARE LIFTED.HY LOSS ATTRIBUTABLE HK$7,565 MILLION VERSUS HK$9,865 MILLION.ARE ONLY OPERATING A SMALL FRACTION OF PASSENGER FLIGHTS WE WERE OPERATING BEFORE COVID-19 PANDEMIC.WE HOPE TO OPERATE UP TO 30% OF OUR PRE-PANDEMIC PASSENGER CAPACITY BY Q4 OF 2021.GIVEN CURRENT CONDITIONS, ABOUT 40% OF PASSENGER AIRCRAFT ARE PARKED IN LOCATIONS OUTSIDE OF HONG KONG.EXPECT OUR CARGO OPERATIONS TO CONTINUE TO PERFORM STRONGLY IN SECOND HALF OF YEAR.TARGETING CASH BURN OF LESS THAN HK$1.0 BILLION PER MONTH FOR REMAINDER OF YEAR.EXPECT OUR CARGO OPERATIONS TO CONTINUE TO PERFORM STRONGLY IN THE SECOND HALF OF THE YEAR.EXECUTIVE PAY IS BEING CUT FOR WHOLE 2021, INTRODUCED A THIRD UNPAID LEAVE SCHEME, WITH AN 80% VOLUNTARY UPTAKE.REMAIN ABSOLUTELY CONFIDENT IN THE LONG-TERM PROSPECTS OF CATHAY PACIFIC.RANGE OF EMPLOYEE FURLOUGH, LEAVE WITHOUT PAY, VOLUNTARY SEPARATION AND EARLY RETIREMENT SCHEMES WERE IMPLEMENTED GLOBALLY.AT 30TH JUNE, ABOUT 90% OF PILOTS & ABOUT 69% OF CABIN CREW IN HONG KONG HAD EITHER BOOKED OR RECEIVED THEIR VACCINATION.HAD UNRESTRICTED LIQUIDITY OF HK$32.8 BLN AT 30TH JUNE.Further company coverage: 0293.HK. ((Reuters.Briefs@thomsonreuters.com;)).

Cathay Pacific CFO Says Forecast For Cash Burn To Fall Below HK$1 Billion A Month In H2 Depends On Passenger, Crew Quarantine Changes

Aug 11 (Reuters) - Cathay Pacific Airways Ltd <0293.HK>::CATHAY PACIFIC CFO SAYS 99% OF PILOTS, 91% OF CABIN CREW HAVE BOOKED OR RECEIVED COVID-19 VACCINATIONS.CATHAY PACIFIC CFO SAYS FORECAST FOR CASH BURN TO FALL BELOW HK$1 BILLION A MONTH IN H2 DEPENDS ON PASSENGER, CREW QUARANTINE CHANGES.CATHAY PACIFIC CFO SAYS FORECAST OF REACHING 30% OF PRE-COVID CAPACITY IN Q4 DEPENDENT ON SOME QUARANTINE RESTRICTIONS BEING LIFTED.CATHAY PACIFIC EXEC SAYS EXPECTS CARGO DEMAND AND YIELD TO BE HIGHER IN H2 THAN H1.CATHAY PACIFIC CFO SAYS DOES NOT EXPECT ANY SIGNIFICANT AIRCRAFT IMPAIRMENTS IN H2.CATHAY PACIFIC EXEC SAYS RISK OF LOSING SOME PRIZED AIRPORT SLOTS IN UNITED STATES, EUROPE IF HONG KONG LAGS BEHIND IN RECOVERY.CATHAY PACIFIC CFO SAYS CAPITAL SPENDING IN H2 TO BE AT SIMILAR LEVEL TO H1.Further company coverage: 0293.HK. (Reporting by Jamie Freed). ((Jamie.Freed@thomsonreuters.com;)).

Cathay Pacific Airways Resolved To Defer Payment Of Dividend On Preference Shares

Aug 9 (Reuters) - Cathay Pacific Airways Ltd <0293.HK>::ON DIVIDEND DUE TO BE PAYABLE TO HOLDER OF PREFERENCE SHARES ON 12 AUG 2021, RESOLVED TO DEFER PAYMENT OF SUCH DIVIDEND.

Cathay Pacific Airways Expects To Operate About 30% Of Pre-Pandemic Passenger Capacity By Q4

July 15 (Reuters) - Cathay Pacific Airways Ltd <0293.HK>::WE EXPECT TO OPERATE APPROXIMATELY 30% OF OUR PRE-PANDEMIC PASSENGER CAPACITY BY Q4 OF 2021.JUNE CARRIED A TOTAL OF 40,651 PASSENGERS, AN INCREASE OF 50%.JUNE MONTH'S REVENUE PASSENGER KILOMETRES (RPKS) ROSE 60.5% YEAR- ON-YEAR.JUNE PASSENGER LOAD FACTOR DECREASED BY 5.6 PERCENTAGE POINTS TO 21.7%.IN JUNE AIRLINE CARRIED 109,423 TONNES OF CARGO AND MAIL , AN INCREASE OF 17.4%.JUNE CARGO AND MAIL LOAD FACTOR INCREASED BY 5.6 PERCENTAGE POINTS TO 80.6%.WHILE PASSENGER DEMAND CONTINUES TO BE FAR BELOW PRE-COVID-19 LEVELS, JUNE DID SHOW SOME SMALL SIGNS OF IMPROVEMENT..OVERALL RECOVERY CONTINUES TO BE AFFECTED BY TRAVEL RESTRICTIONS."SAW INCREASED DEMAND FROM TAIWAN AND SOME SOUTHEAST ASIAN DESTINATIONS".SUSPENSION OF FLIGHTS FROM PHILIPPINES, INDONESIA & UK HAD IMPACT ON DEMAND; SEEING IMPROVEMENTS IN OTHER MAJOR MARKETS.STUDENT TRAFFIC DEMAND TO US IN PARTICULAR IS LOOKING STRONG IN SECOND HALF OF AUGUST.REGARDING CARGO, WE ARE CAUTIOUSLY OPTIMISTIC THAT OVERALL DEMAND WILL BE STRONG FOR THE REMAINDER OF THE YEAR.SO FAR THIS YEAR, THERE HAVE BEEN ZERO POSITIVE TESTS AMONG MORE THAN 58,000 TESTS THAT OPERATING HONG KONG-BASED AIRCREW HAVE TAKEN.IN PROCESS OF CONVERTING TWO MORE OF OUR BOEING 777 PASSENGER AIRCRAFT INTO CARGO-ONLY `PREIGHTERS'.94% OF OUR PILOTS AND 76% OF OUR CABIN CREW IN HONG KONG HAVE ALREADY BOOKED OR RECEIVED THEIR VACCINATIONS.

Cathay Pacific Airways And HK Express Select Airbus'FHS To Support Their A320 Family Fleets

June 22 (Reuters) - AIRBUS SE <AIR.PA>::CATHAY PACIFIC AIRWAYS AND HK EXPRESS SELECT AIRBUS'S FLIGHT HOUR SERVICES (FHS) TO SUPPORT THEIR A320 FAMILY FLEETS.MULTI-YEAR, MAINTENANCE-BY--HOUR CONTRACTS COVER INTEGRATED COMPONENT SERVICES, INCLUDING ON-SITE STOCK, POOL ACCESS, AND REPAIR SERVICES.Further company coverage: AIR.PA. (Gdansk Newsroom). ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;)).

Cathay Pacific Expects H1 2021 Loss To Be Lower Than H1, H2 2020

June 18 (Reuters) - Cathay Pacific Airways Ltd <0293.HK>::MAY PASSENGER LOAD FACTOR DECREASED BY 2.9 PERCENTAGE POINTS TO 26.7%.BEGUN CAUTIOUSLY ADDING MORE FLIGHTS AND DESTINATIONS TO OUR SCHEDULE.CARRIED 24,006 PASSENGERS IN MAY, UP 30% VERSUS MAY 2020.MAY REVENUE PASSENGER KILOMETRES ROSE 24.5% YEAR-ON-YEAR BUT WERE DOWN 98.9% VERSUS MAY 2019.FOR MAY, AVERAGE DAILY PASSENGER NUMBERS REMAINED LOW AT 774.INCREASING LONDON FREQUENCIES TO CATER TO STUDENT TRAFFIC RETURNING TO HONG KONG FROM MIDDLE OF JUNE.LOOK FORWARD TO RESUMPTION OF HONG KONG-SINGAPORE AIR TRAVEL BUBBLE.OVERALL CARGO DEMAND REMAINS FIRM.PASSENGER BELLY CAPACITY WILL REMAIN CONSTRAINED.WILL SEE A FURTHER RESUMPTION OF FREIGHTER FREQUENCIES FROM HONG KONG TO VARIOUS REGIONS IN OUR NETWORK.LOSSES IN H1 EXPECTED TO BE "SOMEWHAT" LOWER THAN LOSSES REPORTED IN BOTH H1 AND H2 OF 2020.CURRENT PLAN IS BY Q4 OF 2021 TO BE OPERATING ABOUT 30% OF PRE-COVID-19 PASSENGER CAPACITY.ABOUT 90% OF PILOTS AND MORE THAN 64% OF CABIN CREW IN HK HAVE ALREADY BOOKED OR RECEIVED THEIR VACCINATIONS.

Cathay Pacific Airways Welcomes Extension Of Drawdown Period Of HK$7.8 Bln Loan Facility

June 8 (Reuters) - Cathay Pacific Airways Ltd <0293.HK>::WELCOMES HONG KONG SAR GOVERNMENT'S AGREEMENT TO EXTEND DRAWDOWN PERIOD OF HK$7.8 BILLION LOAN FACILITY FOR 12 MONTHS.ARRANGEMENT EXTENDS THE DRAWDOWN PERIOD OF THE FACILITY TO 8 JUNE 2022.Further company coverage: 0293.HK. ((Reuters.Briefs@thomsonreuters.com;)).

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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