Cathay Pacific Airways Limited

Cathay Pacific Airways Limited

1.46
EUR
-0.09
(-5.52%)
8.68BMarket Cap
Mar 17Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
22.25
23.47
22.66
20.54
21.54
24.59
24.73
9.1
7.08
7.93
14.68
16.21
17.85
- -
Basic EPS, GAAP
0.58
0.7
1.33
-0.13
-0.28
0.52
0.39
-4.24
-0.95
-1.12
1.41
1.49
1.65
- -
Free Cash Flow per Basic Share
-1.74
-1
0.62
-1.94
-2.79
-0.32
0.73
-3.82
1.02
2.19
3.05
2.23
2.38
- -
Dividend per Share
0.12
0.23
0.45
0.28
- -
0.13
0.35
- -
- -
- -
0.31
0.7
0.69
- -
Book Value per Share
13.93
11.45
10.61
12.26
13.53
14.16
13.9
11.38
11.22
9.91
9.32
8.15
8.94
9.54
Tangible Book Value per Share
11.76
9.17
8.26
9.84
11.05
11.68
10.55
9.04
8.89
7.62
7.07
5.92
6.81
7.2
Basic Weighted Avg Shares
4,516
4,516
4,516
4,516
4,516
4,516
4,325
5,156
6,437
6,437
6,437
6,438
6,543
6,435
Sales/Revenue/Turnover
100,484
105,991
102,342
92,751
97,284
111,060
106,973
46,934
45,587
51,036
94,485
104,371
116,766
- -
Operating Margin (%)
3.74
4.18
6.51
-0.57
-2.34
3.24
3.11
-24.94
-0.99
6.8
13.76
12.63
12.05
- -
Depreciation Expense
7,352
8,339
8,859
8,550
9,354
9,802
14,222
14,421
12,786
12,189
12,324
12,059
11,570
- -
Net Income, GAAP
2,620
3,150
6,000
-575
-1,259
2,345
1,691
-21,648
-5,527
-6,623
9,789
9,888
10,828
- -
Effective Tax Rate (%)
18.86
14.79
15.5
222.87
- -
14.37
21.17
- -
- -
- -
9.84
11.74
12.04
- -
Profit Margin (%)
2.61
2.97
5.86
-0.62
-1.29
2.11
1.58
-46.12
-12.12
-12.98
10.36
9.47
9.27
- -
Working Capital
-1,592
-11,209
-16,552
-12,700
-8,443
-18,727
-29,578
-19,157
-14,238
-17,066
-22,744
-30,993
-36,513
-36,764
LT Debt
56,834
55,315
49,867
58,906
69,506
60,183
76,508
68,880
67,504
62,463
57,771
56,849
45,193
45,960
Total Equity
63,013
51,853
48,067
55,526
61,272
63,939
62,776
73,261
72,249
63,809
60,033
52,507
60,117
58,026
Return on Invested Capital (%)
-2.46
3.04
4.92
0.54
- -
2.2
1.8
- -
- -
- -
8.5
9.7
10.47
- -
Return on Capital (%)
2.61
3.09
5.76
-2.03
- -
2.8
2.87
- -
- -
- -
9.92
10.69
11.34
- -
Return on Common Equity (%)
4.41
5.5
12.04
-1.11
-2.16
3.75
2.67
-32.16
-8.42
-10.64
14.64
17.08
19.23
- -

Capital Structure

HKD

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
11,544
13,908
17,535
LT Borrowings
29,861
22,249
25,070
LT Finance Leases
23,849
22,944
20,890
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6,439
6,723
6,081
Market Capitalization
68,503
82,349
77,741

Working Capital

HKD

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
18,420
22,530
28,549
Cash, Cash Equivalents & STI
8,909
12,289
16,228
Accounts Receivable, Net
4,956
5,228
5,417
Inventories
1,613
1,864
2,066
Total Current Liabilities
52,850
59,043
65,313
Payables & Accruals
- -
- -
- -
ST Debt
11,544
13,908
17,535
Deferred Revenue
- -
- -
- -

Growth Rates

HKD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.81%
-3.41%
14.49%
Free Cash Flow
-149.2%
0.48%
8.49%
Net Income, GAAP
-197.69%
-58.38%
9.51%
Sales/Revenue/Turnover
6.64%
23.31%
11.88%
Total Cash Common Dividend
- -
21.52%
5.77%

Semi-annual Revenue

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
104,371
2025
- -
- -
116,766
2026
- -
- -
- -

Semi-annual Earnings Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1.49
2025
- -
- -
1.65
2026
- -
- -
- -

Semi-annual Dividends Per Share

HKD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.7
2025
- -
- -
0.69
2026
- -
- -
- -

Company Description

CEO
Siu Por Lam
Full Time Employees
33,369
Sector
Transportation
Industry
Airlines
Address
Hong Kong International Airport Hong Kong HK Hong Kong EC2V 7NQ
IPO Date
May 15, 1986
Business
Cathay Pacific Airways Limited (0293.HK), Hong Kong's flag carrier airline founded in 1946 and headquartered at Hong Kong International Airport, operates scheduled passenger and cargo services to more than 100 destinations worldwide including 22 in mainland China, with additional reach to 155 destinations via codeshare agreements; its core offerings encompass premium full-service flights through Cathay Pacific, low-cost regional services via wholly-owned subsidiary HK Express, dedicated freighter operations under Cathay Cargo to 41 global destinations, and express cargo via Air Hong Kong to 16 Asian points; the group also provides ancillary services such as catering through Cathay Pacific Catering Services, ground handling via Hong Kong Airport Services, laundry services via Vogue Laundry Service, loyalty programs including Asia Miles, and travel lifestyle products covering holidays, shopping, dining, wellness, and payments under the broader Cathay brand. As a founding member of the oneworld alliance, Cathay Pacific serves premium leisure and business travelers across Asia, Europe, North America, and other regions with a fleet of 234 aircraft comprising Airbus A321neo, A330, A350, Boeing 777 passenger models, and Boeing 747 freighters, plus 93 new aircraft on order including Airbus A350F freighters; major shareholders include Swire Pacific Limited with 43.39%, Air China Limited with 28.91%, and public investors holding the balance. In recent developments, the company announced in November 2025 its intention to buy back Qatar Airways' approximately 9.57% stake for HK$6.97 billion subject to independent shareholder approval, reflecting strengthened confidence in Hong Kong's aviation hub amid record profitability; it reported solid 2025 interim results with HK$3.7 billion profit in the first half, robust passenger growth to 22.8 million and cargo to 1.5 million tonnes; additionally, Cathay formed a co-investment partnership with Airbus in November 2025 worth up to US$70 million to scale sustainable aviation fuel adoption, supporting its sustainability and fleet expansion initiatives.

Company News

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  • Cathay Pacific to hike fuel surcharge by 34% as jet fuel prices surge

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  • Cathay Pacific posts 9.5% rise in annual profit on strong passenger and cargo demand

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