- Cathay Pacific saw an 18.7% increase in passenger traffic in June 2024.
- The airline served 1.84 million passengers during this period.
- The passenger load factor reached 83.5%.
- Cargo and mail carried by Cathay Pacific increased by 12%.
- The airline transported 124,568 tons of cargo and mail.
- The cargo and mail load factor was recorded at 59.6%.
- Analyst recommendations: 10 buys, 3 holds, and 0 sells.
Cathay Pacific Airways on Smartkarma
Analysts on Smartkarma are providing a mix of perspectives on Cathay Pacific Airways. Mohshin Aziz believes Cathay Pacific’s operations are exceeding expectations and considers it a value buy with a target price of HK$9.90, indicating a bullish sentiment. He notes that the company plans to buy back preference shares, avoiding shareholder dilution, and highlights healthy performance in key markets. Meanwhile, Osbert Tang, CFA, sees multiple positive developments for Cathay Pacific, such as increasing traffic and capacity recovery, projecting a bright outlook. However, Neil Glynn takes a bearish stance, citing rising inflationary pressure impacting earnings and structural challenges affecting margin generation.
Each analyst’s insight offers a unique perspective on Cathay Pacific’s current standing and future prospects, providing investors with valuable information to make informed decisions regarding the airline’s stock. Mohshin Aziz and Osbert Tang, CFA, emphasize the positive aspects of Cathay Pacific’s performance and potential growth opportunities, while Neil Glynn raises concerns about cost pressures and historical margin challenges. Investors should consider these varying viewpoints when evaluating the investment potential of Cathay Pacific Airways in the ever-changing aviation industry.
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
Analysts utilizing the Smartkarma Smart Scores for Cathay Pacific Airways foresee a promising long-term outlook for the company. With a solid score of 5 in Growth, it suggests that the airline is positioned well for future expansion and development in the industry. Coupled with a Momentum score of 4, indicating a positive trend in stock performance, Cathay Pacific Airways appears to be gaining traction and investor interest in the market.
While the company scores moderately in Value and Dividend at 3, showcasing stable fundamentals, the lower Resilience score of 2 suggests some vulnerability to external economic factors. However, given the overall positive scores in key areas, Cathay Pacific Airways could be well-positioned for sustained growth and profitability in the long run, making it a company to watch in the aviation sector.
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.
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