Cathay Pacific's Passenger Yield Likely to Stay Above Prepandemic Levels -- Market Talk

Dow Jones08-08

0729 GMT - Cathay Pacific's passenger yield may stay higher than prepandemic levels in the medium term, Daiwa Capital Markets analysts write in a note. Although the carrier's total passenger numbers fell in 1H and regional flight fares dropped due to capacity returning to the market, it's well on track for its targets of 100% capacity recovery by 1Q 2025 and for staff recruitment, they write. Operating efficiency improvements suggest better margins to come, they add. As such, they keep a buy call on the stock but trim the target to HK$9.00 from HK$9.50 to reflect the downward revision in EPS estimates for 2024-2026 due to lower passenger yields in 1H. Shares are 0.4% higher at HK$7.86. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

August 08, 2024 03:29 ET (07:29 GMT)

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Although the carrier's total passenger numbers ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00293","symbol_name":"国泰航空","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2457528173","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2457528173","pubTimestamp":1723102140,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0729 GMT - Cathay Pacific's passenger yield may stay higher than prepandemic levels in the medium term, Daiwa Capital Markets analysts write in a note. 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