Asia300

Cathay Pacific Airways Ltd.

Hong Kong

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Apr 25, 2017
Prev close: 11.24
Apr 25, 2017
Market cap:
Market cap(USD):
44,216.41M
5,681.31M
Shares: 3,933.84M

Currency in HKD

Company profile

Market(Ticker): HKG(293)
Sector:
Industry:
Transportation
Airlines
Full time employees: --

Business summary

Cathay Pacific Airways Ltd. engages in airline operations. It operates through the Airline Business and Non-Airline Business segments. The Airline Business segment comprises of passenger and cargo operations. The Non-Airline Business segment includes airline catering, ground handling, and aircraft ramp handling services. The company was founded by Roy C. Farrell and Sydney H. de Kantzow on September 24, 1946 and is headquartered in Hong Kong.

Company background

Cathay Pacific Airways is Hong Kong's flag carrier, offering passenger and cargo services to around 200 cities in Asia, Europe, North America, Africa and Australia. It has a workforce of around 23,000.

The company was established in 1946 by Roy Farrell, an American, and Sydney de Kantzow, an Australian. Early on, it offered flights to Shanghai, Bangkok, Manila and Singapore.

Swire Pacific, a conglomerate engaged in the property development, beverage, marine services and trading businesses, has owned 45% of Cathay Pacific since 1948. Through the years, Swire has overseen the airline's expansion. In 2006, Cathay Pacific acquired Dragonair, a Hong Kong-based carrier that mainly flies within the Asia-Pacific region. Around the same time, it signed a strategic partnership with national flag carrier Air China.

Air China owns 29.99% of Cathay Pacific.

John Slosar, who also leads Swire, became chairman of Cathay Pacific in 2014. Amid the rise of low-cost carriers, he plans to boost the airline's competitiveness by capitalizing on a new runway at Hong Kong International Airport. The third runway, scheduled for completion in 2023, should allow the airport to handle 102 flights per hour, up from 68, and serve an additional 30 million passengers annually.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 92,751M
Gross profit 15,659M
Operating income 8,070M
Income before tax -1,826M
Net income -575M
EBITDA 16,620M
Diluted EPS -0.14
Dividends per share 0
Total assets 177,421M
Total liabilities 121,895M
Total equity 55,365M
Operating cash flow 6,530M

Currency in HKD

Revenue 11,948.66M
Gross profit 2,017.27M
Operating income 1,039.61M
Income before tax -235.23M
Net income -74.07M
EBITDA 2,141.07M
Diluted EPS -0.01
Dividends per share 0
Total assets 22,883.73M
Total liabilities 15,721.99M
Total equity 7,140.96M
Operating cash flow 841.22M

Currency in USD

Valuation measures

Dec 2016

PER --
ROA -0.32%
ROE -1.11%
Operating margin 8.70%
Profit margin -0.61%

Key executive

  • Chief Executive Officer & Executive Director: Kwok Leung Chu
  • Chief Operating Officer & Executive Director: Rupert Bruce Grantham Tower Hogg
  • Finance Director & Executive Director: Martin James Murray
  • Director-IT & Corporate Development: Paul Loo
  • Director-Engineering: Christopher Patrick Gibbs

Share holders

  • Swire Pacific Ltd.(45.0%)
  • Air China Ltd.(29.9%)
  • Kingboard Chemical Holdings Ltd.(6.1%)
  • Norges Bank Investment Management(0.6%)
  • The Vanguard Group, Inc.(0.5%)
  • Schroder Investment Management (Hong Kong) Ltd.(0.5%)
  • Dimensional Fund Advisors LP(0.4%)
  • BlackRock Fund Advisors(0.4%)
  • Hang Seng Investment Management Ltd.(0.3%)
  • State Street Global Advisors Asia Ltd.(0.2%)

Address

  • Website: http://www.cathaypacific.com
  • Address: Cathay Pacific City, 8 Scenic Road, Hong Kong International Airport, Hong Kong, Hong Kong
  • Phone: +852.2747.3333

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