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Cathay Pacific Has Steady Growth Outlook for Next Two Years -- Market Talk

Dow Jones
Jan 13

0454 GMT - Cathay Pacific's earnings growth outlook over the next two years seems steady, analysts at DBS Group Research write in a note. Even though operating performance has peaked, the recovery in passenger traffic and lower jet fuel prices will help core net profit over 2024-2026, together with higher contributions from associate Air China, they write. Passenger yields are moderating but levels remain higher than before the pandemic, they add. Cargo remains a bright spot for now, driven by e-commerce demand and diversion of sea freight, but uncertainties around a potential trade war and tariff risks loom, they add. DBS retains a buy rating on the stock and lifts its target price to HK$12.00 from HK$10.80. Shares are 1.7% lower at HK$10.28 at midday. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

January 12, 2025 23:54 ET (04:54 GMT)

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