- Passenger Traffic Increase: Cathay Pacific witnessed a 21% rise in passenger traffic for September.
- Total Passengers: The airline carried a total of 2.20 million passengers during the month.
- Passenger Load Factor: The passenger load factor stood at 82.3%.
- Cargo Volume Growth: Cargo carried by Cathay Pacific increased by 1%.
- Total Cargo Carried: A total of 134,909 tons of cargo was transported.
- Cargo Load Factor: The cargo load factor was recorded at 57.1%.
- HK Express Contribution: HK Express carried 529,216 passengers.
- HK Express Load Factor: The passenger load factor for HK Express was 72.7%.
- Analyst Recommendations: The stock received 5 buy, 6 hold, and 5 sell recommendations.
A look at Cathay Pacific Airways Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
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
Cathay Pacific Airways Limited, a prominent player in the airline industry, has been assessed using Smartkarma Smart Scores. Despite facing challenges in the current market environment, the company has demonstrated strong potential for growth, as indicated by its high score in this category. This suggests that Cathay Pacific Airways may have strategic plans in place to expand its operations and increase its market presence in the long run.
Coupled with a respectable dividend score and moderate scores in value, resilience, and momentum, Cathay Pacific Airways appears to be a well-rounded company with solid fundamentals. While there may be areas for improvement, such as in the value and resilience categories, the overall outlook for the company seems positive, especially considering its strong growth prospects and commitment to rewarding shareholders through dividends.
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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