Cathay Pacific expects smaller first-half loss







FILE PHOTO: Sign of Cathay Pacific is seen at its headquarters Cathay City in Hong Kong

Hong Kong airline Cathay Pacific Airways Ltd expects to report a lower first-half loss than last year on the back of strong cargo performance and lower costs, the company said on Tuesday, but warned that this year’s loss would still be “substantial”.

The loss for the first half of last year was HK$7.57 billion ($964.34 million).

($1=7.8499 Hong Kong dollars)

Marketzone with Reuters 2022

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Financial data

2022 turnover 54,738M
6,973M
6,685M
2022 net result -4,491M
-572M
-549M
Net debt 2022 64,220M
8,181M
7,843M
PER 2022-11.8x
2022 return0.12%
Capitalization 50,081M
6,380M
6,116M
VE / CA 20222.09x
VE / CA 20231.26x
Number of employees21,600
Floating15.0%

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Average recommendationACCUMULATE
Number of Analysts13
Last Closing PriceHK$7.78
Average price targetHK$7.95
Deviation / Average Target2.22%

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