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Cathay Pacific Airways
(OTC:0293)
Cathay Pacific Airways (0293) vs. iShares MSCI Hong Kong ETF (EWH)
Cathay Pacific Airways Business Overview & Revenue Model
Cathay Pacific Airways Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 104.37B | 94.48B | 51.04B | 45.59B | 46.93B |
| Gross Profit | 32.58B | 20.70B | 4.42B | 836.00M | -5.55B |
| EBITDA | 21.45B | 20.47B | 10.24B | 9.21B | -3.74B |
| Net Income | 9.89B | 9.79B | -6.55B | -5.53B | -21.65B |
Balance Sheet | |||||
| Total Assets | 171.24B | 174.12B | 180.91B | 196.63B | 204.57B |
| Cash, Cash Equivalents and Short-Term Investments | 10.53B | 15.53B | 18.28B | 19.28B | 19.34B |
| Total Debt | 68.47B | 68.29B | 77.63B | 90.38B | 93.13B |
| Total Liabilities | 118.74B | 114.08B | 117.56B | 124.90B | 131.31B |
| Stockholders Equity | 52.50B | 60.03B | 63.35B | 71.72B | 73.26B |
Cash Flow | |||||
| Free Cash Flow | 14.33B | 19.61B | 15.20B | 6.56B | -19.03B |
| Operating Cash Flow | 23.54B | 26.41B | 18.93B | 8.84B | -13.62B |
| Investing Cash Flow | -6.08B | -2.67B | -3.86B | 493.00M | -12.43B |
| Financing Cash Flow | -19.83B | -23.18B | -16.24B | -6.93B | 23.31B |
Cathay Pacific Airways Technical Analysis
Cathay Pacific Airways Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | HK$67.10B | 6.79 | 17.73% | 6.62% | 8.54% | 16.57% | |
64 Neutral | $10.70B | 16.30 | 6.50% | 2.13% | 2.67% | -20.48% | |
| ― | £12.01B | ― | -1.68% | ― | ― | ― | |
| ― | $12.07B | 4.70 | 21.08% | 7.09% | ― | ― | |
| ― | $11.22B | 73.92 | 0.47% | 4.95% | ― | ― | |
48 Neutral | HK$86.28B | ― | -9.88% | ― | 14.25% | ― | |
43 Neutral | HK$101.25B | ― | -4.92% | ― | 7.08% | ― |
Cathay Pacific Airways Corporate Events
Cathay Pacific Airways Limited has announced the renewal of its Services Agreement with JS&SHK, a connected entity, for a three-year term starting January 2026. This agreement, which involves the provision of various services including regulatory advice and staff support from the Swire Group, will continue to impact the company’s operational costs and strategic positioning. The renewal ensures continuity in service provision and financial arrangements, with service fees calculated based on a percentage of the company’s adjusted consolidated profit. This move is expected to support Cathay Pacific’s ongoing business operations and provide flexibility for future growth.
The most recent analyst rating on (HK:0293) stock is a Hold with a HK$11.00 price target. To see the full list of analyst forecasts on Cathay Pacific Airways stock, see the HK:0293 Stock Forecast page.
Cathay Pacific Airways Limited has announced an adjustment to the conversion price of its HK$6,740,000,000 2.75% Guaranteed Convertible Bonds due 2026, following the declaration of a 2025 interim dividend. The conversion price will be adjusted from HK$7.55 per share to HK$7.42 per share, effective from September 6, 2025. This adjustment will increase the maximum number of shares to be issued upon full conversion of the outstanding convertible bonds from 233,112,582 shares to 237,196,765 shares. This move reflects the company’s ongoing financial strategies and could impact its market positioning by potentially increasing shareholder value.
The most recent analyst rating on (HK:0293) stock is a Hold with a HK$11.00 price target. To see the full list of analyst forecasts on Cathay Pacific Airways stock, see the HK:0293 Stock Forecast page.
Cathay Pacific Airways announced an interim ordinary dividend of HKD 0.2 per share for the financial year ending December 31, 2025. The ex-dividend date is set for September 3, 2025, with the payment date scheduled for October 9, 2025. This announcement reflects the company’s financial health and commitment to returning value to its shareholders. The dividend decision may positively impact investor sentiment and reinforce Cathay Pacific’s position in the market as it continues to recover and grow post-pandemic.
The most recent analyst rating on (HK:0293) stock is a Hold with a HK$11.00 price target. To see the full list of analyst forecasts on Cathay Pacific Airways stock, see the HK:0293 Stock Forecast page.
Cathay Pacific Airways has announced a major transaction involving the purchase of 14 Boeing 777-9 aircraft, with an option to acquire up to 7 additional aircraft. This acquisition is part of the company’s strategy to enhance its fleet with more fuel-efficient planes, supporting its sustainability goals and operational cost efficiency. The transaction, valued at approximately US$8.1 billion, is expected to be financed through a combination of commercial bank loans, finance leases, sale and leaseback arrangements, and cash from operations. The new aircraft will replace part of the existing long-haul fleet, serving both long-haul and selected regional routes, and are expected to be delivered by 2034.
The most recent analyst rating on (HK:0293) stock is a Hold with a HK$11.00 price target. To see the full list of analyst forecasts on Cathay Pacific Airways stock, see the HK:0293 Stock Forecast page.
Cathay Pacific Airways Limited announced its 2025 interim results, reporting a 9.5% increase in revenue to HK$54,309 million and a slight rise in profit attributable to shareholders by 1.1% to HK$3,651 million. The company showed improvements in operational metrics, including a 15.9% increase in available tonne kilometers and a 20% rise in aircraft utilization, indicating a recovery and growth in its operations. However, there were declines in passenger and cargo yields, reflecting competitive pressures in the market.
The most recent analyst rating on (HK:0293) stock is a Hold with a HK$11.00 price target. To see the full list of analyst forecasts on Cathay Pacific Airways stock, see the HK:0293 Stock Forecast page.
Cathay Pacific Airways Limited reported a significant increase in passenger and cargo volumes for June 2025, with a 23.3% rise in passengers and a 6.3% increase in cargo compared to June 2024. The company has expanded its global network, adding five new destinations in June, and now operates passenger services to over 100 destinations worldwide. Notably, Cathay Pacific set a post-pandemic record by carrying over 90,000 passengers on a single day, with a high load factor of 93.4%. The airline experienced increased demand from various regions, particularly inbound student traffic from the UK and US, and anticipates robust demand for long-haul routes during the summer.
The most recent analyst rating on (HK:0293) stock is a Hold with a HK$11.00 price target. To see the full list of analyst forecasts on Cathay Pacific Airways stock, see the HK:0293 Stock Forecast page.
Cathay Pacific Airways Limited has updated the terms of reference for its Board Risk Committee, effective from July 1, 2025. The committee is responsible for overseeing the company’s risk management framework, excluding safety and security risks, and ensuring its effectiveness. The committee’s duties include reviewing the risk management system and ensuring management’s compliance with maintaining an effective system. The BRC is authorized to investigate activities within its terms, seek necessary information, and obtain external advice to support its functions.
The most recent analyst rating on (HK:0293) stock is a Hold with a HK$11.00 price target. To see the full list of analyst forecasts on Cathay Pacific Airways stock, see the HK:0293 Stock Forecast page.
Cathay Pacific Airways Limited has updated the terms of reference for its Board Safety Review Committee, effective from July 1, 2025. The committee is tasked with supporting the board in managing safety and security risks associated with the company’s operations and its subsidiaries. The committee’s responsibilities include reviewing the company’s risk management system, discussing its adequacy with management, and considering major investigation findings related to safety. This initiative underscores Cathay Pacific’s commitment to maintaining high safety standards and could enhance its operational integrity and stakeholder confidence.
The most recent analyst rating on (HK:0293) stock is a Hold with a HK$11.00 price target. To see the full list of analyst forecasts on Cathay Pacific Airways stock, see the HK:0293 Stock Forecast page.
Cathay Pacific Airways Limited has updated the terms of reference for its Audit Committee, effective from July 1, 2025. The Committee is responsible for overseeing financial reporting, internal controls, legal and regulatory compliance, and corporate governance, excluding risk management, which is handled by other committees. The changes in the Committee’s structure and operations aim to strengthen the company’s governance and compliance framework, potentially enhancing stakeholder confidence and operational transparency.
The most recent analyst rating on (HK:0293) stock is a Hold with a HK$11.00 price target. To see the full list of analyst forecasts on Cathay Pacific Airways stock, see the HK:0293 Stock Forecast page.
Cathay Pacific Airways has updated the terms of reference for its Nomination Committee, effective from July 1, 2025. The committee, established in March 2022, is tasked with reviewing the board’s structure, ensuring diversity, and recommending appointments to align with the company’s corporate strategy. This move is expected to enhance governance and strategic alignment, potentially impacting the company’s operational efficiency and stakeholder confidence.
The most recent analyst rating on (HK:0293) stock is a Hold with a HK$11.00 price target. To see the full list of analyst forecasts on Cathay Pacific Airways stock, see the HK:0293 Stock Forecast page.
Cathay Pacific Airways has announced a board meeting scheduled for August 6, 2025, to discuss interim results for the first half of the year and consider a first interim dividend for 2025. This announcement indicates the company’s ongoing financial assessments and potential shareholder returns, reflecting its strategic focus on maintaining investor confidence and operational transparency.
The most recent analyst rating on (HK:0293) stock is a Hold with a HK$11.00 price target. To see the full list of analyst forecasts on Cathay Pacific Airways stock, see the HK:0293 Stock Forecast page.
Cathay Pacific Airways announced its May 2025 traffic figures, highlighting a 36.1% increase in passengers compared to May 2024 and a 31.2% rise in Available Seat Kilometres. The company celebrated reaching 100 global passenger destinations and received significant accolades, including being named one of the world’s top three airlines in the Skytrax World Airline Awards. These achievements underscore Cathay Pacific’s commitment to enhancing its global network and service quality, with expectations of robust demand in the upcoming summer travel season.
The most recent analyst rating on (HK:0293) stock is a Hold with a HK$11.00 price target. To see the full list of analyst forecasts on Cathay Pacific Airways stock, see the HK:0293 Stock Forecast page.
Cathay Pacific Airways and Air China have announced a New Framework Agreement to continue and expand their collaborative transactions beyond 2025. This agreement, effective from May 2025, includes a broader scope to cover each party’s 30%-controlled corporations, facilitating increased collaboration and operational efficiency. The agreement encompasses various services such as interline arrangements, code sharing, joint operations, and more, aiming to enhance the partnership between the two airlines and support their business growth.
The most recent analyst rating on (HK:0293) stock is a Hold with a HK$11.00 price target. To see the full list of analyst forecasts on Cathay Pacific Airways stock, see the HK:0293 Stock Forecast page.
Cathay Pacific Airways reported a significant increase in passenger numbers for April 2025, with a 36.3% rise compared to April 2024. The company set a new post-pandemic record by carrying over 115,000 passengers on a single day. Cathay Pacific is expanding its network by launching flights to new destinations, aiming to reach 100 passenger destinations by mid-year. The company also noted positive developments in cargo operations due to recent tariff announcements between China and the United States, which may stabilize the market.
The most recent analyst rating on (HK:0293) stock is a Hold with a HK$11.00 price target. To see the full list of analyst forecasts on Cathay Pacific Airways stock, see the HK:0293 Stock Forecast page.
Cathay Pacific Airways Limited held its Annual General Meeting on May 14, 2025, where all proposed resolutions were passed with significant shareholder support. Key resolutions included the re-election and election of directors, the re-appointment of auditors, and granting mandates to directors for share buybacks and issuance. This successful AGM reflects strong shareholder confidence and positions the company for continued strategic operations and governance.
The most recent analyst rating on (HK:0293) stock is a Hold with a HK$11.00 price target. To see the full list of analyst forecasts on Cathay Pacific Airways stock, see the HK:0293 Stock Forecast page.