Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. Cathay Pacific Airways Limited
  6. News
  7. Summary
    293   HK0293001514

CATHAY PACIFIC AIRWAYS LIMITED

(293)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Cathay Pacific launches lifestyle brand as travel revenue dries up

07/05/2021 | 05:37am EDT
FILE PHOTO: A passenger walks to the First Class counter of Cathay Pacific Airways at Hong Kong Airport in Hong Kong

(Reuters) - Hong Kong's Cathay Pacific Airways said on Monday it had launched a lifestyle brand to provide offers in hospitality and shopping as the airline seeks to tap new revenue streams amid a collapse in travel demand.

The brand "Cathay" will allow users to purchase services and goods through the airline only in Hong Kong at first, which will be expanded globally later, the company said, adding that a credit card in conjunction would be launched soon.

Cathay's move comes after low-budget carrier AirAsia in March announced plans to launch air taxi and drone delivery services, while Singapore Airlines branched out into the restaurant business last year.

The Hong Kong flag carrier has been hit hard by the pandemic like its industry peers, with Cathay operating at just 8% of its usual passenger capacity as it forecast "substantial" losses for a third consecutive half.

(Reporting by Anushka Trivedi in Bengaluru; Editing by Shailesh Kuber)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AIRASIA GROUP BERHAD -2.14% 0.915 End-of-day quote.3.39%
CATHAY PACIFIC AIRWAYS LIMITED -2.01% 6.33 End-of-day quote.-11.72%
MSCI SINGAPORE (GDTR) 0.30% 6486.843 Real-time Quote.12.58%
SINGAPORE AIRLINES LIMITED -0.62% 4.8 End-of-day quote.12.15%
All news about CATHAY PACIFIC AIRWAYS LIMITED
05:22aCathay Pacific lowers Q4 capacity forecast as travel restrictions linger
RE
04:42aCATHAY PACIFIC AIRWAYS : Releases Traffic Figures For August 2021
PU
04:42aCATHAY PACIFIC AIRWAYS : commits to using Sustainable Aviation Fuel for 10% of i..
PU
01:00aCATHAY PACIFIC AIRWAYS : lowers Q4 capacity forecast as travel restrictions ling..
RE
09/17EU airport slot rules trigger Asian threat
RE
09/17EXCLUSIVE : Tougher EU airport slot rules trigger Asia retaliation threat, risk ..
RE
09/16QANTAS AIRWAYS : Virgin Australia to require COVID-19 vaccinations for staff
RE
09/16CATHAY PACIFIC AIRWAYS : Long service leave win for stood down pilots at Cathay ..
AQ
09/13Asian airline group's members commit to net zero emissions by 2050
RE
09/13Asian airline group's members commit to net zero emissions by 2050
RE
More news
Analyst Recommendations on CATHAY PACIFIC AIRWAYS LIMITED
More recommendations
Financials
Sales 2021 38 238 M 4 911 M 4 911 M
Net income 2021 -12 359 M -1 587 M -1 587 M
Net Debt 2021 65 041 M 8 353 M 8 353 M
P/E ratio 2021 -3,44x
Yield 2021 -
Capitalization 40 747 M 5 233 M 5 233 M
EV / Sales 2021 2,77x
EV / Sales 2022 1,45x
Nbr of Employees 23 100
Free-Float 15,0%
Chart CATHAY PACIFIC AIRWAYS LIMITED
Duration : Period :
Cathay Pacific Airways Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CATHAY PACIFIC AIRWAYS LIMITED
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Last Close Price 6,33 HKD
Average target price 6,96 HKD
Spread / Average Target 10,0%
EPS Revisions
Managers and Directors
Kin Wing Tang Chief Executive Officer & Executive Director
Rebecca Sharpe Chief Financial Officer & Executive Director
Patrick Healy Chairman
Gregory Thomas Forrest Hughes COO, Director & Chief Service Delivery Officer
John Barrie Harrison Independent Non-Executive Director
Sector and Competitors