Streetbeat News

CPCAF

Cathay Pacific Airways Ltd.

https://www.cathaypacific.com/

CEO

Kin Wing Tang

Industry

Other Support Activities for Air Transportation

Open

1.07

Mkt cap

6.4B

Volume

High

1.07

P/E Ratio

6.60

52-wk high

1.16

Low

0.99

Div yield

0.08

52-wk low

0.91

Cathay Pacific Airways Ltd has announced the purchase of 6 A350F aircraft from Airbus SE for $2.71 billion, with deliveries expected by the end of 2029. The deal also includes an option to buy 20 more A350 freighters. This move will enhance Cathay Pacific's fleet capacity, focusing on long-haul routes to North and South America, and Europe. The new Airbus aircraft will start being delivered in 2027, signaling a shift away from Cathay's current Boeing 747 freighter fleet. In a separate deal in September, Cathay doubled its orders for the Airbus A320neo Family to 64 aircraft for $4.66 billion. CPCAY shares saw a slight increase of 0.51% to close at $4.93 on Thursday.

Portfolio Pulse from Lekha Gupta

December 08, 2023 | 1:28 pm

Several global airlines, including United Airlines Holdings, Inc. (UAL), Delta Air Lines, Inc. (DAL), American Airlines Group, Inc. (AAL), Air France-KLM (AFLYY), Finnair Oyj (FNNNF), EasyJet Plc (ESYJY), Hainan Airlines, Cathay Pacific Airways Ltd (CPCAF), and Korean Air Lines Co Ltd, have suspended their flights to Tel Aviv due to the recent Hamas militant assault on Israel. The airlines have cited security concerns and will resume their services once the conditions are safer.

Portfolio Pulse from Shivani Kumaresan

October 09, 2023 | 10:02 am

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