Cathay Pacific Airways Ltd.
- 12.10 HKD
- +0.06
- +0.50%
Hong Kong
May 20, 2019Ticker
HKG(293)Prev. close
12.04Market cap (HKD)
47,363.48MMarket cap (USD)
6,033.68MShares
3,933.84M
In the news
- Singapore Airlines profit drops 81% as fuel costs surge Nov 13, 2018
- Nikkei Asia300 little changed as traders eye US-China trade talks May 18, 2018
- Hong Kong shares trim weekly loss as crude prices lift oil stocks May 18, 2018
- Corporate Malaysia keeps mum and hopes for stability Apr 17, 2018
- Swire Pacific founding family scion to take reins Mar 15, 2018 See more articles on Cathay Pacific Airways Ltd.
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.
Business Summary
Financial Highlights
| Dec 2018 | HKD | USD |
| Revenue | 111,060M | 14,170.25M |
| Gross Profit | 11,865M | 1,513.86M |
| Operating income | 4,583M | 584.74M |
| Income before tax | 3,243M | 413.77M |
| Net income | 2,345M | 299.20M |
| EBITDA | 14,385M | 1,835.39M |
| Diluted EPS | 0.59 | 0.07 |
| Dividends Per Share | 0.30 | 0.03 |
| Total Assets | 190,294M | 24,305.21M |
| Total liabilities | 126,355M | 16,138.63M |
| Total equity | 63,936M | 8,166.19M |
| Operating cash flow | 14,992M | 1,912.84M |
| Currency in HKD | Currency in USD |
Historical Data
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | |
| Revenue | 105,991M | 102,342M | 92,751M | 97,284M | 111,060M |
| Gross Profit | 11,285M | 19,789M | 15,659M | 13,405M | 11,865M |
| Operating income | 5,744M | 14,983M | 8,070M | 4,235M | 4,583M |
| Income before tax | 3,277M | 5,500M | -1,826M | -580M | 3,243M |
| Net income | 3,150M | 6,000M | -575M | -1,259M | 2,345M |
| EBITDA | 14,083M | 23,842M | 16,620M | 13,589M | 14,385M |
| Diluted EPS | 0.80 | 1.52 | -0.14 | -0.32 | 0.59 |
| Dividends Per Share | 0.36 | 0.53 | 0.05 | 0.05 | 0.30 |
| Total Assets | 171,974M | 172,827M | 177,421M | 188,378M | 190,294M |
| Total liabilities | 120,121M | 124,760M | 121,895M | 127,106M | 126,355M |
| Total equity | 51,722M | 47,927M | 55,365M | 61,101M | 63,936M |
| Operating cash flow | 10,506M | 16,275M | 6,530M | 4,694M | 14,992M |
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | |
| Revenue | 13,668.00M | 13,201.03M | 11,948.66M | 12,483.80M | 14,170.25M |
| Gross Profit | 1,455.24M | 2,552.57M | 2,017.27M | 1,720.17M | 1,513.86M |
| Operating income | 740.71M | 1,932.64M | 1,039.61M | 543.44M | 584.74M |
| Income before tax | 422.58M | 709.44M | -235.23M | -74.42M | 413.77M |
| Net income | 406.20M | 773.93M | -74.07M | -161.55M | 299.20M |
| EBITDA | 1,816.06M | 3,075.36M | 2,141.07M | 1,743.78M | 1,835.39M |
| Diluted EPS | 0.10 | 0.19 | -0.01 | -0.04 | 0.07 |
| Dividends Per Share | 0.04 | 0.06 | 0.00 | 0.00 | 0.03 |
| Total Assets | 22,176.31M | 22,299.82M | 22,883.73M | 24,097.57M | 24,305.21M |
| Total liabilities | 15,489.79M | 16,097.75M | 15,721.99M | 16,259.57M | 16,138.63M |
| Total equity | 6,669.63M | 6,184.00M | 7,140.96M | 7,816.12M | 8,166.19M |
| Operating cash flow | 1,354.79M | 2,099.30M | 841.22M | 602.34M | 1,912.84M |
Valuation Measures
| Dec 2018 | |
| PER | 18.68 |
| ROA | 1.23% |
| ROE | 3.75% |
| Operating margin | 4.12% |
| Profit margin | 2.11% |
Key executives
- Chief Executive Officer & Executive Director: Rupert Bruce Hogg
- COO, Director & Chief Service Delivery Officer: Gregory Thomas Forrest Hughes
- Chief Financial Officer & Executive Director: Martin James Murray
- Director-Service Delivery: Ying Wah Yau
- Director, Chief Customer & Commercial Officer: Paul Loo
Shareholders
- Swire Pacific Ltd. (45.0%)
- Air China Ltd. (29.9%)
- Government of Qatar (9.9%)
- The Vanguard Group, Inc. (0.3%)
- Dimensional Fund Advisors LP (0.3%)
- Norges Bank Investment Management (0.3%)
- Principal Global Investors LLC (0.2%)
- PineBridge Investments Asia Ltd. (0.1%)
- Schroder Investment Management Ltd. (0.1%)
- BlackRock Investment Management (UK) Ltd. (0.0%)
Contact Details
- Website:http://www.cathaypacific.com
- Address: Cathay Pacific City, 8 Scenic Road, Hong Kong International Airport, Hong Kong, Hong Kong
- Phone: +852.2747.3333
Related Companies
- Cathay Pacific Fund Management Ltd.
- Global Logistics System (HK) Co. Ltd.
- Connaught Network Services Pvt Ltd.
- Cathay Pacific Services Ltd.
- Cathay Pacific Leasing Ltd.
- Cathay Pacific Airways Ltd. (Australia)
- Cathay Pacific MTN Financing Ltd.
- Asia Miles Ltd.
- CPA Finance Cayman
- Cathay Pacific Finance Ltd.
- Cathay Pacific Aircraft Services Ltd.
- Hong Kong Dragon Airlines Ltd.
- AHK Air Hong Kong Ltd.
Competitors
- Air China Limited Class H
- China Southern Airlines Company Limited Class H
- China Eastern Airlines Corporation Limited Class H
- El Al Israel Airlines Ltd
- Cebu Air Inc.
- China Airlines Ltd.
- PAL Holdings, Inc.
- Air France-KLM SA
- Knafaim Holdings Ltd.
- JG Summit Holdings Inc.
- Asia Aviation Public Co., Ltd.
- Air Canada
- Nippon Yusen Kabushiki Kaisha
Copyright © 2019 FactSet Research Systems Inc. All rights reserved.
Last Updated on 20 May, 2019