CPCAY Cathay Pacific Airways Ltd featured news, full reports, and detailed charts
Cathay Pacific Airways Ltd (CPCAY/CPCAY.PK) Wrap Up:
Cathay Pacific Airways Limited, together with its subsidiaries, operates as an international airline that offers scheduled passenger and cargo services. The company conducts airline operations principally to and from Hong Kong. As of December 31, 2007, it offered scheduled passenger and cargo services to 113 destinations in 37 countries and territories through a fleet of 115 aircraft. The company also involves in computerized reservation systems and related services, computer network services for the interchange of air cargo related information, information processing, travel tour operator, airline catering, aircraft ramp handling, ground handling, aircraft engineering, laundry and dry clean...Cathay Pacific Airways Ltd (CPCAY:OTC)
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Market Cap
6.9B
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Total Revenue
83.2B
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EBITDA
9.4B
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DILUTED EPS TTM
0.96
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P/E
14.2x
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P/S
0.6x
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Return On Asset
--
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Return On Equity
--
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| K = Thousands M = Millions B = Billions | ||
related news
CPCAY Top Compensated Officers
Executives, Board Directors
Key developments for Cathay Pacific Airways Ltd (CPCAY)
A Hong Kong court has ruled that Cathay Pacific unfairly fired 18 pilots amid a labor dispute in 2001 and ordered the airline to pay their former employees more than $7 million. The 18 pilots were among a group of 49 fired in July 2001 when Cathay's main pilots' union and management were locked in a dispute over wages and scheduling. The union launched a 'work-to-rule' campaign, discouraging members from working beyond the terms of their contracts. Hong Kong High Court Judge A.T. Reyes said in a ruling that the 18 pilots were unfairly dismissed and wrongfully terminated.
Cathay Pacific Airways Ltd. has launched a new service to Jeddah, Saudi Arabia. The new Jeddah service, operating through Dubai on the way to and from Hong Kong, will be operated four times a week using an Airbus A330-300 aircraft in a two-class configuration.
Boeing Co. delivered a 777-300ER (Extended Range) to BOC Aviation and its customer, Cathay Pacific Airways. The airplane is painted in a special oneworld livery to highlight the commitment of Cathay Pacific, as a member airline, to the alliance's 10th anniversary. The Boeing 777-300ER is 19% lighter than its closest competitor, greatly reducing its fuel requirement. It produces 22% less carbon dioxide per seat and costs 20% less to operate per seat. The airplane can seat up to 365 passengers in a three-class configuration and has a maximum range of 7,930 nautical miles (14,685 km). The 777 family is the world's most successful twin-engine, twin-aisle airplane. Fifty-seven customers around the world have ordered more than 1,100 777s. The airplane is the 12th Boeing 777-300ER for Cathay Pacific and brings the airline's 777 fleet to 29 airplanes, which includes 12 777-300s and five 777-200s. The airline also operates 22 Boeing 747-400 passenger airplanes.
CPCAY Competitors
| Company | Last | Change |
| ACE Aviation Holdings Inc | C$5.86 CAD | 0.00 |
| Qantas Airways Ltd | A$2.69 AUD | -0.02 |
| Singapore Airlines Ltd | $13.92 SGD | -0.20 |
| Southwest Airlines Co | $9.00 USD | +0.09 |
| US Airways Group Inc | $3.09 USD | -0.03 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | CPCAY | Industry Range |
| Price/Earnings | 14.2x |
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| Price/Sales | 0.6x |
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| Price/Book | 1.1x |
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| Price/Cash Flow | 4.6x |
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| TEV/Sales | NM | Not Meaningful |
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CPCAY |
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CPCAY transactions
| Type Date |
Target |
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Merger/Acquisition
September 16, 2009 |
Hong Kong Aircraft Engineering Co. Ltd. |
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Merger/Acquisition
August 17, 2009 |
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More Recent News About Cathay Pacific Airways Ltd
More news for CPCAY
Blowing Bubbles In Hong Kong
HONG KONG -- In the latest sign of bullish sentiments about Hong Kong's real estate market, Swire Pacific said on Tuesday that it was looking to spin off its property division.The British conglomerate said it was considering a separate listing of Swire Properties Ltd. on the main board of the Hong Kong stock exchange. Swire did not provide a possible time frame or any financial details for the listing of its real estate unit, but analysts estimate it could come in the first half of next year.Swire's operations span a number of different industries, from aviation to beverages to trading. It is probably best known for its majority ownership of Cathay Pacific Airways ( CPCAY.PK - news - people ).The property division is one of Swire's most profitable units, contributing 1.85 billion Hong Kong dollars ($237 million) to the company's bottom line during the first half of 2009. Revenue from the same division accounted for 3.84 billion ($492 million) Hong Kong dollars, or 32%, of the conglomerate's total revenue. Swire's property portfolio is heavily weighted towards office and retail space in some of the city's prime locations on Hong Kong Island, including Pacific Place and Taikoo Place. Residential properties accounted for just 3.5% of the division's total revenue in the first half of the year. Swire Pacific ( ...Click here to read the whole Article (external link)
Air China Leads Cathay Into Shanghai
HONG KONG -- The relationship between Air China and Cathay Pacific Airways appears to be growing even closer. China's biggest airline is closing in on a deal for a 51% stake in the proposed cargo joint venture to be based in Shanghai. Cathay would own the remaining 49%.Negotiations are on-going, but the airlines have already agreed to commit 10 Boeing ( BA - news - people ) 747-400 freighters to the venture, according to Reuters. Air China told Reuters the total investment and overall size of the joint venture's fleet had yet to be agreed, but it hopes to have a deal finalized before the Shanghai World Expo begins in May 2010.The Air China Cathay venture would be competing against Air China's state-owned rival China Eastern, which is based in Shanghai. China Eastern is likely to have over half the passenger air-travel market in its home city after it completes a planned merger with Shanghai Air.Beijing-based Air China has a cross-shareholding agreement with Cathay Pacific. In August, the state-owned carrier upped its stake in Cathay to 29.99% from 17.49% by purchasing 6.3 billion Hong Kong dollars ($812 million) worth of shares from the cash-strapped investment company CITIC Pacific. Cathay owns an 18.01% stake in Air China.The British conglomerate Swire Pacific ( ...Click here to read the whole Article (external link)
Australia Targets Price-Fixing Airlines
HONG KONG -- Continuing its investigations of alleged price-fixing within the air cargo industry, Australia's competition regulator took Thai Airways to court on Wednesday. The ongoing scrutiny could also cause trouble for other regional airlines. Shares of Thai Airways ( TAWNF - news - people )International fell as much as 1.4% on Wednesday after the Australian Competition and Consumer Commission (ACCC) announced it had initiated proceedings in the Federal Court against the national carrier of Thailand.The Australia's competition watchdog alleged that Thai Airways entered into arrangements with other international air cargo carriers between 2001 and 2006 in Singapore, Indonesia, Hong Kong and Thailand to fix the price of fuel and security surcharges. Such a move leaves customers in the affected countries limited choices, forcing them to pay higher air cargo fees.ACCC is seeking declarations, injunctive relief, pecuniary penalties and costs. The first hearing is scheduled to take place at Federal Court in Sydney on Nov 26. Thai Airways is the latest target of the Australia Competition & Consumer Commission's ongoing investigation into controversial surcharge collusion in cargo industry.The regulator has already sued eight airlines over the same allegations, and the Federal Court has ordered the targeted airlines to pay out a total of 41 million Australian dollars ($37.1 million) in penalties. Among them, Qantas Airways and British Airways were fined 20 million Australian dollars ($18.1 ...Click here to read the whole Article (external link)
A Golden Week For Hong Kong Stocks
A flood of cash-rich mainland tourists set loose by China's Golden Week holiday is lifting Hong Kong-listed stocks in industries from airlines to real estate.The vacation started on Oct. 1, the National Day holiday commemorating the 60th anniversary of the founding of the People's Republic of China. It extends through the Oct. 3 Mid-Autumn Festival that celebrates harvest season and the full moon, and concludes on Oct. 9, when workers return to their desks and the stock market reopens.The unusually long break--coupled with a loose monetary policy that has made borrowing easier and incentivized purchases of cars, home appliances and real estate--has padded the pockets of many Chinese citizens and afforded them both the time and the means to travel. More than 60% of respondents to one survey said they planned to travel during the holiday, according a state media reports of a poll conducted by Ctrip.com International ( CTRP - news - people ), China's major online booking Web site.Between Sept. 30 and Oct. 5, of the 2 million people who arrived in Hong Kong, about 23% carried mainland passports, according to immigration department statistics.An estimated 7.37 million people will travel by boat, 488 million by road and 5.89 million by air, according to China's state-run Xinhua News Agency. The air-travel statistic is 18% higher than for the same time last year.After Hong Kong's flagship airline, Cathay Pacific Airways ( ...Click here to read the whole Article (external link)
Airline Alliances Battle Over JAL
HONG KONG -- To prevent Japan Airlines from leaving their OneWorld Alliance to join the Delta-led SkyTeam, American Airlines together with British Airways and Qantas have reportedly made a joint financial assistance offer to their sole Japanese ally, in a move to pre-empt Delta's tie-up bid.Executives of American Airlines, British Airways and Qantas Airways ( QUBSF - news - people )paid a sudden visit to Japan Airlines ( JALSY - news - people )(JAL) headquarters in Tokyo to present their joint offer on Wednesday. To persuade JAL not to team up with Delta, the three Western air carriers proposed to introduce JAL to possible lenders and to provide debt guarantees to help JAL seek financing. The allies also agreed to support JAL's restructuring by offering consulting services, merging some of their offices; and adjusting the numbers of their transpacific routes, Nikkei News evening edition reported Friday.In addition, American Airlines ( ...Click here to read the whole Article (external link)
