- Passenger traffic increased by 18.4% in May 2024 for Cathay Pacific.
- A total of 1.68 million passengers traveled with Cathay Pacific during this period.
- The passenger load factor reached 80.3%.
- There was a 10.2% increase in cargo and mail traffic.
- Cathay Pacific carried 121,088 tons of cargo and mail in May 2024.
- The cargo and mail load factor stood at 59.4%.
- In the second quarter, Cathay Pacific reached 80% of its pre-pandemic passenger flight capacity.
- Analyst Ratings: 12 buys, 1 hold, and no sells.
Cathay Pacific Airways on Smartkarma
Analyst coverage on Cathay Pacific Airways on Smartkarma reveals diverse sentiments among independent analysts. Neil Glynn expresses a bearish view, citing rising inflationary pressure and structural issues impacting earnings. Mohshin Aziz, on the other hand, adopts a bullish stance, lauding Cathay’s FY23 performance, beating profit forecasts and declaring surprise dividends, indicating strong recovery and market performance.
Osbert Tang, CFA, provides an optimistic outlook, anticipating Cathay to surpass market expectations due to solid traffic performance and improved yield. Meanwhile, Neil Glynn highlights the strong passenger momentum, suggesting a potential outperformance in 2024. This mix of perspectives showcases the complexity of evaluating Cathay Pacific Airways in the current market environment.
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 is positioned for long-term growth. With a strong growth score of 5, the company is likely to expand and improve its market position over time. Additionally, the momentum score of 4 suggests that Cathay Pacific Airways is gaining positive traction in the industry, which could lead to further advancements in the future.
Despite facing challenges in terms of resilience with a score of 2, Cathay Pacific Airways‘ overall outlook remains promising. The company’s balanced value and dividend scores indicate stability and potential returns for investors. As a provider of airline services and related offerings such as catering and engineering, Cathay Pacific Airways is well-positioned to leverage its strengths and capitalize on growth opportunities in the long run.
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
