Cathay Pacific Airways Ltd ADR CPCAY
Morningstar’s Analysis
1-Star Price
PREMIUM
5-Star Price
PREMIUM
Economic Moat
PREMIUM
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Company Profile
Headquartered in Hong Kong, Cathay Pacific is one of few global carriers that has strong exposure to the booming mainland market via its 18% stake in Air China. The company employs a dual-brand strategy (Cathay Pacific and Hong Kong Express), with the former mainly serving the long-haul global market, and the latter a budget carrier. On the cargo front, Cathay operates Hong Kong's only dedicated freight airline, Air Hong Kong, and holds a 35% share in Air China Cargo.