• Cathay Pacific recorded an impressive growth in passenger traffic in March 2024, which saw an increase of 42.4%.
• The company served 1.88 million passengers in the same month.
• The passenger load factor, or the percentage of available seating capacity that is filled with passengers, stood at 83.8%.
• Besides the success in passenger traffic, Cathay Pacific also saw a change in their cargo and mail services.
• There was a growth of 10.5% in cargo and mail in March 2024.
• The total amount of cargo and mail carried by the company during that month was 134,551 tons.
• Cargo and mail load factor, a measure of how much cargo and mail is transported in regards to total available cargo and mail carrying capacity, was 62.7%.
• In terms of buy, hold, and sell ratings, Cathay Pacific has been recommended 12 times to buy, once to hold and no recommendation to sell.
Cathay Pacific Airways on Smartkarma
Analyst coverage of Cathay Pacific Airways on Smartkarma provides a comprehensive view of the company’s performance and outlook. Neil Glynn‘s analysis highlights rising inflationary pressure affecting earnings, prompting a below-consensus forecast adjustment due to cost pressures. In contrast, Mohshin Aziz‘s bullish stance emphasizes Cathay’s strong FY23 performance, exceeding profit forecasts and signaling a resilient recovery with a surprise dividend announcement. Osbert Tang, CFA, supports this positive sentiment, noting solid traffic volume and improved yield, predicting further growth in FY24 for both Cathay and its associate, Air China. Overall, the mixed analyst opinions reflect the complexities and potential of Cathay Pacific’s future prospects.
Furthermore, Neil Glynn‘s examination of Cathay Pacific’s structural disadvantages and historic margin challenges sheds light on the company’s positioning against global industry peers. On the bullish side, Glynn’s perspective on strong passenger momentum for 2024, coupled with robust cost controls, suggests an outperformance potential. This diverse range of insights from independent analysts like Glynn, Aziz, and Tang offers investors a nuanced understanding of Cathay Pacific’s trajectory, from addressing internal operational issues to leveraging market opportunities for continued growth and profitability.
A look at Cathay Pacific Airways Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
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
Analysts at Smartkarma have assessed Cathay Pacific Airways Limited using their Smart Scores system, which rates companies on various factors. Looking at the scores, it appears that Cathay Pacific Airways has a promising long-term outlook. The company received a high score of 5 for Growth, indicating strong potential for expansion and development in the future. This suggests that the company is well-positioned to capitalize on growth opportunities in the aviation industry.
While Cathay Pacific Airways scored lower in areas such as Dividend and Resilience, with scores of 1 and 2 respectively, the overall positive outlook is reinforced by a Momentum score of 4. Momentum suggests that the company is moving in a positive direction and gaining traction in the market. With a balanced profile across the different factors, Cathay Pacific Airways seems to have a solid foundation for long-term success as it continues to operate scheduled airline services and offer related aviation services.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
