- In July 2024, Cathay Pacific experienced a 15.1% increase in passenger traffic.
- The airline carried 2.01 million passengers during this month.
- Passenger load factor stood at 85.5% for July.
- There was a 9.6% increase in cargo and mail transportation.
- Cathay Pacific transported 126,797 tons of cargo and mail in the month.
- The cargo and mail load factor was recorded at 58.3%.
- The current analyst ratings for Cathay Pacific are 11 buys, 2 holds, and 0 sells.
Cathay Pacific Airways on Smartkarma
Analyst coverage of Cathay Pacific Airways on Smartkarma showcases varying sentiments towards the airline’s performance and outlook. Mohshin Aziz maintains a bullish stance, emphasizing Cathay Pacific’s respectable results and attractive valuations in 1HFY24, with a target price of HK$9.90 for a potential 26% upside. Furthermore, Aziz highlights the airline’s exceeding operations, preference share buyback plans, and strong performance, suggesting a value buy opportunity with an identical target price and upside of 24%.
On the contrary, Neil Glynn adopts a bearish view, citing rising inflationary pressure impacting Cathay Pacific’s earnings normalization. Glynn expresses concerns over cost pressures affecting the airline’s forecasts and profitability, which prompt a below-consensus outlook. In contrast, Osbert Tang, CFA, points out multiple positive developments for Cathay Pacific, including enhanced traffic due to visa-free access to China and a steady recovery trajectory, indicating opportunities for the airline’s growth and expansion.
A look at Cathay Pacific Airways Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Cathay Pacific Airways demonstrates a promising long-term outlook. With a strong Growth score of 5, the company is poised for expansion and increased market presence. Additionally, a Momentum score of 4 suggests that Cathay Pacific Airways is experiencing positive upward trends in its performance. However, the company’s Resilience score of 2 indicates a slightly lower capacity to withstand economic fluctuations. Overall, the Value and Dividend scores both at 3 reflect a moderate position in terms of financial attractiveness and dividend yield.
Cathay Pacific Airways Limited operates scheduled airline services along with related services such as airline catering, aircraft handling, and engineering. Looking ahead, the company’s high Growth and Momentum scores indicate opportunities for future development and sustained performance. While the Resilience score may pose some challenges, the overall outlook for Cathay Pacific Airways appears positive, positioning the company for potential growth and innovation in the airline industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
