Streetbeat News

CPCAY

Cathay Pacific Airways Ltd.

https://www.cathaypacific.com/

CEO

Kin Wing Tang

Industry

Other Support Activities for Air Transportation

Open

6.90

Mkt cap

8.8B

Volume

595

High

6.93

P/E Ratio

8.97

52-wk high

6.95

Low

6.71

Div yield

0.06

52-wk low

4.84

Cathay Pacific's stock has surged 35% in a year, outperforming the S&P 500, due to capacity recovery and strategic financial decisions. The airline plans to complete its capacity recovery by January 2025 and is considering new airplane orders, potentially from Boeing or Airbus.

Portfolio Pulse from

February 02, 2025 | 4:15 pm

Cathay Pacific Airways (CPCAY) is highlighted as a strong investment opportunity due to its recent price strength, making it appealing for investors seeking fundamentally strong stocks.

Portfolio Pulse from

January 20, 2025 | 3:00 pm

Cathay Pacific Airways (CPCAY) has been upgraded to a Zacks Rank #1 (Strong Buy), indicating positive sentiment about its earnings prospects, which could lead to a stock price increase.

Portfolio Pulse from

January 02, 2025 | 6:30 pm

Cathay Pacific Airways (CPCAY) is experiencing a sustainable uptrend, making it a strong candidate for investors seeking stocks with recent price strength.

Portfolio Pulse from

January 02, 2025 | 3:15 pm

Cathay Pacific's stock surged 22% since August due to the early recall of HK$6.74 billion mandatory convertible bonds, preventing a 12% shareholder dilution. This move demonstrated confidence and improved the balance sheet, slightly raising 2024 and 2025 price targets.

Portfolio Pulse from

November 26, 2024 | 9:15 am

Cathay Pacific Airways (CPCAY) is highlighted as a stock with a strong recent price trend, making it a potentially good investment choice. It has passed the 'Recent Price Strength' screen, indicating its potential to maintain its upward momentum.

Portfolio Pulse from

November 20, 2024 | 3:00 pm

Airlines, including Delta Air Lines, are conducting inspections of their Airbus A350 fleets following an engine issue identified by Cathay Pacific. The issue affects A350-1000 models with Rolls-Royce engines, but not the A350-900 model operated by Delta. The European Union Aviation Safety Agency has issued a directive for inspections. Delta emphasizes its commitment to safety.

Portfolio Pulse from Nabaparna Bhattacharya

September 06, 2024 | 2:41 pm

Cathay Pacific's A350 fleet faced an engine issue, prompting Airbus and Rolls-Royce to address the situation. While no global inspections are currently advised, the final decision lies with regulators. Airlines like Singapore Airlines and Japan Airlines are conducting precautionary checks. The incident involved a fuel leak in a Rolls-Royce engine, and Cathay Pacific plans to resume operations after repairs.

Portfolio Pulse from Nabaparna Bhattacharya

September 05, 2024 | 1:02 pm

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

Airbus SE has received an order worth $4.66 billion from Hong Kong's Cathay Pacific Airways for an additional 32 Airbus A320neo Family aircraft. This doubles Cathay's total orders for the A320neo Family to 64, with 13 already delivered. The new aircraft are expected to be delivered by the end of 2029 and will serve routes connecting the Chinese mainland and various Asian destinations.

Portfolio Pulse from Nabaparna Bhattacharya

September 30, 2023 | 3:58 pm

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