Cathay Pacific Airways Ltd

00293: XHKG (HKG)
View Stock Summary
Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
LOCK|.sLOCK|s>QLOCK|h$!%bx

Cathay Pacific: Buyback of Qatar Airways Stake Reflects Confident Outlook, but Not Exactly Cheap

Cathay Pacific plans to buy back 643 million shares currently owned by Qatar Airways. The block, which represents 9.57% of Cathay's current share base, will cost Cathay approximately HKD 6.9 billion. Cathay's shares jumped 5% on this news.

Sponsor Center