Cathay Pacific Airways (HK:0293) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Cathay Pacific Airways reported a significant increase in passenger and cargo transport for May 2024, with 18.4% more passengers and 10.2% more cargo compared to May 2023. Despite a seasonal dip in regional travel, the airline saw a robust demand in long-haul flights, particularly from Southeast Asia and among students returning to Hong Kong and Mainland China. Investors are advised to exercise caution when dealing in the company’s shares, as the financial figures have not been externally audited.
For further insights into HK:0293 stock, check out TipRanks’ Stock Analysis page.