- Cathay Pacific experienced a 25.2% increase in passenger traffic in June.
- The airline carried 2.30 million passengers.
- The passenger load factor, which indicates the percentage of available seating capacity that is filled with passengers, was 85.6%.
- Cargo transportation saw a 6.3% increase, with a total of 132,462 tons carried.
- The cargo load factor stood at 58.5%, reflecting the utilization of cargo capacity.
- HK Express, a subsidiary of Cathay Pacific, transported 582,886 passengers.
- The passenger load factor for HK Express was 70.5%.
- The current analyst ratings for Cathay Pacific include 5 buy recommendations, 8 hold ratings, and 2 sell ratings.
A look at Cathay Pacific Airways Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
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
Based on the Smartkarma Smart Scores for Cathay Pacific Airways, the company exhibits a positive long-term outlook. With a high score in Growth and Dividend, it indicates that the company is projected to expand and generate good returns for its shareholders. Additionally, scoring well in Momentum suggests that Cathay Pacific Airways is likely to maintain its current positive trend in the market. Although Value and Resilience scores are not as high, the overall outlook remains favorable for the airline.
Cathay Pacific Airways Limited operates scheduled airline services, along with providing various related services such as airline catering, aircraft handling, and engineering. The company’s focus on growth, dividends, and maintaining positive momentum bodes well for its future prospects, despite some lower scores in other areas. Investors may find Cathay Pacific Airways to be an attractive option for long-term investment based on the overall Smart Scores assessment.
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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